Joffa

Analysis

Joffa is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in November 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, Joffa reported income of $720k and spending of $670k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $306k to $720k (+135%), an average of +135% a year. The sharpest change came in the year to December 2023, when income rose by 135%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Joffa sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within TN. Charities of a similar size with the same main cause include Rockford Area Convention & Visitors Bureau Charitable Foundation ($719k), Harrisburg Downtown Improvement District Inc ($720k) and Pico Union Project Inc ($719k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $218k against liabilities of $106k, net assets of $113k.