Jeep Beach Inc

Analysis

Jeep Beach Inc is a registered charity in United States, based in Ormond Beach, FL. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Jeep Beach Inc reported income of $2.2m and spending of $2.4m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $896k to $2.2m (+148%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 340%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Jeep Beach Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Child Day Care Association ($2.2m), Sterling House Community Center Inc ($2.2m) and Lutheran Community Services Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.3% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $153k (6.3% of expenses). Other salaries and wages came to $50k. At year end it held assets of $273k against liabilities of $13k, net assets of $260k. It reported 3 employees.