Project Jumpstart Inc

Analysis

Project Jumpstart Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Project Jumpstart Inc reported income of $709k and spending of $217k, leaving 69% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $454k to $709k (+56%), an average of +56% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 50% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Project Jumpstart Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MD. Charities of a similar size with the same main cause include Francisville Neighborhood Development Corporation ($709k), Kodiak Archipelago Leadershipinstitute ($710k) and Kalamazoo Nonprofit Advocacy Coalition ($708k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $31k (14% of expenses). Other salaries and wages came to $11k. At year end it held assets of $662k against liabilities of $54k, net assets of $608k. It reported 2 employees.