Jessran Corporation

Analysis

Jessran Corporation is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in March 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, Jessran Corporation reported income of $508k and spending of $448k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $500k to $508k (+1.6%), an average of +1.6% a year. Over the whole period it spent 58% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jessran Corporation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within TN. Charities of a similar size with the same main cause include Tera Koti Reddy Charitable Foundation ($508k), American Society for Experimental Neurotherapeutics Inc ($509k) and Struggle for Miamis Affordable and Sustainable Housing Incorporated ($508k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $306k. At year end it held assets of $423k against liabilities of $0, net assets of $423k.