Fund for Jobs Worth Owning Inc

Analysis

Fund for Jobs Worth Owning Inc is a registered charity in United States, based in Florence, MA. It received its IRS tax-exemption ruling in April 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Fund for Jobs Worth Owning Inc reported income of $96k and spending of $109k, spending 114% of what it took in. Across the 5 years on record, from May 2020 to June 2023, income fell from $3.0m to $96k (-97%), an average of -58% a year. The sharpest change came in the year to June 2023, when income rose by 11887%. Over the whole period it spent 8.8% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fund for Jobs Worth Owning Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 43rd percentile within MA. Charities of a similar size with the same main cause include Watertown Main Street Program Inc ($96k), Renewing Community Inc ($96k) and Gallatin Valley Foundation for Economic Development Inc ($96k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 1.6% of the total. At year end it held assets of $3.1m against liabilities of $87k, net assets of $3.0m.