Jones Carter Foundation

Analysis

Jones Carter Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Jones Carter Foundation reported income of $84k and spending of $149k, spending 178% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $258k to $84k (-68%), an average of -68% a year. The sharpest change came in the year to December 2022, when income dropped by 68%. Over the whole period it spent 57% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Jones Carter Foundation 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 32nd percentile, and in the 34th percentile within TX. Charities of a similar size with the same main cause include Tiara Straightened ($84k), Nigerian-American Multi-Service Association Namsa Inc ($84k) and Lutheran Family Services Foundation Inc ($83k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $211k against liabilities of $13k, net assets of $198k.