Jacksonville Educational Community Inc

Analysis

Jacksonville Educational Community Inc is a registered charity in United States, based in Atlantic BCH, FL. It received its IRS tax-exemption ruling in August 2022, 4 years ago. 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 June 2023, Jacksonville Educational Community Inc reported income of $700k and spending of $734k, spending 105% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $494k to $700k (+42%), an average of +42% a year. The sharpest change came in the year to June 2023, when income rose by 42%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jacksonville Educational Community Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Christian Life Academy Inc ($700k), West Warwick Senior Citizens Center Inc ($700k) and Hughesville Volunteer Fire Department ($700k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.7% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $57k (7.8% of expenses). Other salaries and wages came to $461k. At year end it held assets of $840k against liabilities of $707k, net assets of $133k. It reported 48 employees.