904ward Inc

Analysis

904ward Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in November 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 June 2023, 904ward Inc reported income of $1.1m and spending of $1.4m, spending 130% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $498k to $1.1m (+116%), an average of +47% a year. The sharpest change came in the year to June 2022, when income rose by 141%. Over the whole period it spent 75% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, 904ward Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Southern Illinois Community Foundation ($1.1m), Glam4good Foundation ($1.1m) and Newton D & Rochelle F Becker Foundation ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $435k (31% of expenses). At year end it held assets of $767k against liabilities of $69k, net assets of $698k. It reported 7 employees.