Jae Foundation

Analysis

Jae Foundation is a registered charity in United States, based in Twin Falls, ID. It received its IRS tax-exemption ruling in July 2019, 7 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 (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, Jae Foundation reported income of $3.3m and spending of $2.4m, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.9m to $3.3m (+79%), an average of +78% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 64% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jae Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within ID. Charities of a similar size with the same main cause include National Christian Charitable Foundation Inc ($3.3m), Kentucky Casa Network Inc ($3.3m) and Community Foundation for Loudoun and Northern Fauquier Counties ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 22% of the total. Other salaries and wages came to $488k. At year end it held assets of $4.2m against liabilities of $2.3m, net assets of $1.9m. It reported 33 employees.