Erik Jones Foundation

Analysis

Erik Jones Foundation is a registered charity in United States, based in Birmingham, MI. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Erik Jones Foundation reported income of $175k and spending of $278k, spending 159% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $185k to $175k (-5.3%), an average of -5.3% a year. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Erik Jones Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within MI. Charities of a similar size with the same main cause include Hawthorn Academy Organization for Parents and Educators ($175k), American Friends of Netivot Horaah ($175k) and Pine Plains Free Library ($175k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% of the total. Compensation of current officers, directors and key employees was $106k (38% of expenses). At year end it held assets of $68k against liabilities of $7,932, net assets of $60k. It reported 1 employees.