Jolt News Organization

Analysis

Jolt News Organization is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in March 2023, 3 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 December 2023, Jolt News Organization reported income of $180k and spending of $149k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $107k to $180k (+67%), an average of +67% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Jolt News Organization sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within WA. Charities of a similar size with the same main cause include Society for Music Theory Inc ($180k), City Club of Boise Inc 03-07-95 ($180k) and Four Nations Inc ($180k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. At year end it held assets of $87k against liabilities of $6,000, net assets of $81k.