Jacobs Well Missions

Analysis

Jacobs Well Missions is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in January 2017, 9 years ago. 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, Jacobs Well Missions reported income of $177k and spending of $175k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $203k to $177k (-13%), an average of -6.5% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jacobs Well Missions sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 47th percentile within CO. Charities of a similar size with the same main cause include Pat Yarbrough Evangelistic Association ($177k), Pfahler Foundation ($177k) and Virginia Chorale ($177k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $37k against liabilities of $7,083, net assets of $30k.