Jericho Cares Foundation Inc

Analysis

Jericho Cares Foundation Inc is a registered charity in United States, based in Jericho, NY. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Jericho Cares Foundation Inc reported income of $121k and spending of $101k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $86k to $121k (+41%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Jericho Cares Foundation Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Innovative Soulutions ($121k), Creekside Community Child Care Inc ($121k) and Mercy Outreach Ministries III Inc ($121k).

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 $37k against liabilities of $0, net assets of $37k.