Justfundus

Analysis

Justfundus is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Justfundus reported income of $5.9m and spending of $3.3m, leaving 44% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $283k to $5.9m (+2001%), an average of +176% a year. The sharpest change came in the year to December 2021, when income rose by 828%. Over the whole period it spent 50% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Justfundus 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 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Tulsa Jewish Community Council Jewish Federation of Tulsa ($5.9m), Birchtree ($6.0m) and Broome County Community Charities Inc ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $410k (12% of expenses). Other salaries and wages came to $666k. At year end it held assets of $6.8m against liabilities of $499k, net assets of $6.3m. It reported 19 employees.