Jax Hope Inc

Analysis

Jax Hope Inc is a registered charity in United States, based in Fleming Isle, FL. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Jax Hope Inc reported income of $93k and spending of $132k, spending 142% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $28k to $93k (+231%), an average of +82% a year. The sharpest change came in the year to December 2022, when income rose by 83%. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Jax Hope Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 38th percentile within FL. Charities of a similar size with the same main cause include Tee Off Against Corp ($93k), Latino Medical Students Association ($93k) and Autism on the Seas Foundation Inc ($93k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $23 in professional fundraising fees. At year end it held assets of $31k against liabilities of $307, net assets of $31k.