Jolt Initiative

Analysis

Jolt Initiative is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, Jolt Initiative reported income of $1.2m and spending of $2.4m, spending 210% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.2m (-18%), an average of -5.0% a year. The sharpest change came in the year to December 2020, when income rose by 92%. Over the whole period it spent 102% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Jolt Initiative sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Crossroads Rescue Mission ($1.2m), Childrens Advocacy Center of Comal County ($1.2m) and York County Childrens Advocacy Center ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $126k (5.2% of expenses). Other salaries and wages came to $999k. At year end it held assets of $1.8m against liabilities of $195k, net assets of $1.6m.