Jompeame Foundation

Analysis

Jompeame Foundation is a registered charity in United States, based in Dearborn, MI. It received its IRS tax-exemption ruling in September 2022, 4 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, Jompeame Foundation reported income of $648k and spending of $648k, spending 100% of its income. Across the 3 years on record, from December 2020 to December 2022, income grew from $587k to $648k (+10%), an average of +5.0% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Jompeame Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MI. Charities of a similar size with the same main cause include Family Service Association ($648k), Samaritan Resource Center Inc ($648k) and Warrens Cranberry Festival Inc ($648k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $51k. At year end it held assets of $46k against liabilities of $46k, net assets of $576.