J K Corporation

Analysis

J K Corporation is a registered charity in United States, based in Moriarty, NM. It received its IRS tax-exemption ruling in September 1987, 39 years ago. 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, J K Corporation reported income of $2.2m and spending of $2.0m, spending 91% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $541k to $2.2m (+307%), an average of +32% a year. The sharpest change came in the year to December 2020, when income rose by 93%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, J K Corporation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within NM. Charities of a similar size with the same main cause include Violence Free Futures Inc ($2.2m), Ezra International ($2.2m) and Boy Scouts of America ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $878k against liabilities of $83k, net assets of $795k. It reported 57 employees.