Jakt Foundation Inc

Analysis

Jakt Foundation Inc is a registered charity in United States, based in Spokane Vly, WA. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Jakt Foundation Inc reported income of $246k and spending of $278k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $272k to $246k (-9.6%), an average of -2.5% a year. The sharpest change came in the year to December 2021, when income rose by 76%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jakt Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within WA. Charities of a similar size with the same main cause include American Friends of Tffat Inc ($246k), Phillips-Strickland Charities ($246k) and Iuoe Local 12 Charitable Golf Committee Inc ($246k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Other salaries and wages came to $53k. At year end it held assets of $23k against liabilities of $7,552, net assets of $15k. It reported 1 employees.