JVS Socal

Analysis

JVS Socal is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 1943, 83 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 (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, JVS Socal reported income of $39.3m and spending of $32.4m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $25.5m to $39.3m (+54%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 41%. 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, JVS Socal sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include United Ways of California ($39.2m), Fedcap Inc ($39.4m) and Morgan Memorial Goodwill Industries Inc ($39.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $1.8m (5.5% of expenses). Other salaries and wages came to $14.6m. At year end it held assets of $33.6m against liabilities of $10.6m, net assets of $23.0m. It reported 1,194 employees.