Jimmy Graham Foundation Inc

Analysis

Jimmy Graham Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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 December 2023, Jimmy Graham Foundation Inc reported income of $92k and spending of $174k, spending 189% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $92k (-91%), an average of -45% a year. The sharpest change came in the year to December 2020, when income dropped by 94%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jimmy Graham Foundation Inc sits at the 35th percentile: it is larger than about 34% 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 Eastern Cabarrus Historical Society Inc ($92k), Jerusalem Church ($92k) and First Rate Foundation Inc ($92k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $272k against liabilities of $846, net assets of $271k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.