The JXN Project

Analysis

The JXN Project is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, The JXN Project reported income of $746k and spending of $242k, leaving 68% of income unspent that year. Across the 4 years on record, from June 2021 to June 2024, income grew from $505k to $746k (+48%), an average of +14% a year. The sharpest change came in the year to June 2024, when income rose by 1269%. Over the whole period it spent 38% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The JXN Project sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within VA. Charities of a similar size with the same main cause include Tubman African American Museum Inc ($746k), Steffi Nossen Dance Foundation Inc ($746k) and Houston Family Arts Center ($745k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.