Jones-Gordon Foundation

Analysis

Jones-Gordon Foundation is a registered charity in United States, based in Paradise Vly, AZ. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Jones-Gordon Foundation reported income of $2.7m and spending of $3.1m, spending 114% of what it took in. Across the 2 years on record, from December 2022 to July 2023, income fell from $5.3m to $2.7m (-48%), an average of -48% a year. The sharpest change came in the year to July 2023, when income dropped by 48%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Jones-Gordon Foundation sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within AZ. Charities of a similar size with the same main cause include Gooru ($2.7m), Ccu Endowment Foundation ($2.7m) and The Aquinas Institute Foundation Inc ($2.7m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 5.9% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $162k (5.2% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $11.1m against liabilities of $8.6m, net assets of $2.5m.