Jamaicas Promise

Analysis

Jamaicas Promise is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Jamaicas Promise reported income of $159k and spending of $99k, leaving 38% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income fell from $399k to $159k (-60%), an average of -26% a year. The sharpest change came in the year to December 2022, when income dropped by 58%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Jamaicas Promise sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 26th percentile within DC. Charities of a similar size with the same main cause include Youth Excited About Sports ($159k), The Ohio State University ($159k) and Genesis Associates Inc ($159k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $149k against liabilities of $0, net assets of $149k.