8 Cents in a Jar Inc

Analysis

8 Cents in a Jar Inc is a registered charity in United States, based in Apopka, FL. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, 8 Cents in a Jar Inc reported income of $346k and spending of $214k, leaving 38% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $187k to $346k (+85%), an average of +85% a year. The sharpest change came in the year to December 2023, when income rose by 85%. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, 8 Cents in a Jar Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within FL. Charities of a similar size with the same main cause include Seven Sisters International ($346k), Leo Only ($346k) and Uniquely Knitted Inc ($346k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $367k against liabilities of $13k, net assets of $354k.