JC Facility Corp

Analysis

JC Facility Corp is a registered charity in United States, based in Monsey, NY. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, JC Facility Corp reported income of $618k and spending of $629k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $41k to $618k (+1409%), an average of +97% a year. The sharpest change came in the year to December 2020, when income rose by 1652%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, JC Facility Corp sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include One Voice United Inc ($617k), Ada Jobs Foundation ($618k) and Coal Street Redevelopment Inc ($617k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $5.9m against liabilities of $5.4m, net assets of $547k.