JB Charitable Foundation

Analysis

JB Charitable Foundation is a registered charity in United States, based in Westmont, IL. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 March 2024, JB Charitable Foundation reported income of $123k and spending of $130k, spending 106% of what it took in. Across the 2 years on record, from March 2023 to March 2024, income fell from $136k to $123k (-9.3%), an average of -9.3% a year. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, JB Charitable Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 43rd percentile within IL. Charities of a similar size with the same main cause include Torrey Pines Docent Society ($123k), Loveland Youth Basketball Association ($123k) and Cape Coral Rowing Club Inc ($123k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $26k against liabilities of $0, net assets of $26k.