Jack Langerman Community Foundation Inc

Analysis

Jack Langerman Community Foundation Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Jack Langerman Community Foundation Inc reported income of $85k and spending of $29k, leaving 65% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $106k to $85k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 16% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jack Langerman Community Foundation Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 34th percentile within MD. Charities of a similar size with the same main cause include Myworkforcefuture Inc ($85k), Gamma Iota Boule Foundation Inc ($85k) and Love Your Labels Incorporated ($85k).

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 $318k against liabilities of $0, net assets of $318k.