Jefferson Community Foundation

Analysis

Jefferson Community Foundation is a registered charity in United States, based in Port Townsend, WA. It received its IRS tax-exemption ruling in August 2006, 20 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, Jefferson Community Foundation reported income of $2.2m and spending of $1.5m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $982k to $2.2m (+128%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 98%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jefferson Community Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within WA. Charities of a similar size with the same main cause include Live2540 Inc ($2.2m), National Association of State Budget Officers ($2.2m) and First Community Foundation Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $115k (7.5% of expenses). Other salaries and wages came to $257k. At year end it held assets of $5.0m against liabilities of $1.0m, net assets of $4.0m. It reported 7 employees.