Michael James Jackson Foundation for Brewing and Distilling

Analysis

Michael James Jackson Foundation for Brewing and Distilling is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Michael James Jackson Foundation for Brewing and Distilling reported income of $171k and spending of $178k, spending 104% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $376k to $171k (-54%), an average of -32% a year. The sharpest change came in the year to December 2022, when income dropped by 40%. Over the whole period it spent 43% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Michael James Jackson Foundation for Brewing and Distilling sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Miller Community Educational Foundation ($171k), Lincoln Library Inc ($171k) and Taelors House ($171k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $531k against liabilities of $0, net assets of $531k.