TD Jakes Foundation

Analysis

TD Jakes Foundation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, TD Jakes Foundation reported income of $7.0m and spending of $5.1m, leaving 27% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $2.2m to $7.0m (+225%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 256%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, TD Jakes Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Proteus Inc ($7.0m), Lawndale Christian Development Corporation ($7.0m) and Somercor 504 Inc ($7.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $138k (2.7% of expenses). Other salaries and wages came to $798k. At year end it held assets of $4.0m against liabilities of $1.9m, net assets of $2.2m. It reported 17 employees.