Jermi Foundation Inc

Analysis

Jermi Foundation Inc is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Jermi Foundation Inc reported income of $65k and spending of $46k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $63k to $65k (+2.9%), an average of +2.9% a year. Over the whole period it spent 46% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Jermi Foundation Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 25th percentile within VA. Charities of a similar size with the same main cause include Rock International Outreach Inc ($65k), Youth Outreach & Counseling Inc ($65k) and Touching Lives Ministry Inc ($65k).

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 $22k against liabilities of $680, net assets of $22k.