Jefferson Economic Developement Institute

Analysis

Jefferson Economic Developement Institute is a registered charity in United States, based in Mount Shasta, CA. It received its IRS tax-exemption ruling in August 1997, 29 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 September 2022, Jefferson Economic Developement Institute reported income of $979k and spending of $852k, spending 87% of its income. Across the 5 years on record, from June 2019 to September 2022, income grew from $532k to $979k (+84%), an average of +16% a year. The sharpest change came in the year to September 2020, when income rose by 327%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jefferson Economic Developement Institute sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Contra Costa County Electrical Industry Apprenticeship & Train TR ($979k), Sonder Solutions Inc ($980k) and Pennsylvania State Association of County Fairs ($978k).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 99% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $88k (10% of expenses). Other salaries and wages came to $451k. At year end it held assets of $287k against liabilities of $99k, net assets of $188k. It reported 16 employees.