JB Philanthropies

Analysis

JB Philanthropies is a registered charity in United States, based in San Clemente, CA. It received its IRS tax-exemption ruling in February 2021, 5 years ago. 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, JB Philanthropies reported income of $52k and spending of $36k, leaving 31% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $61k to $52k (-15%), an average of -8.0% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, JB Philanthropies sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within CA. Charities of a similar size with the same main cause include Tustin Area Historical Society ($52k), Registry of Interpreters for the Deaf ($52k) and PTA Florida Congress ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $16k against liabilities of $0, net assets of $16k.