Fred Jefferson Memorial Home for Boys

Analysis

Fred Jefferson Memorial Home for Boys is a registered charity in United States, based in Carson, CA. It received its IRS tax-exemption ruling in January 1989, 37 years ago. 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, Fred Jefferson Memorial Home for Boys reported income of $2.7m and spending of $2.5m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.7m to $2.7m (-53%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fred Jefferson Memorial Home for Boys sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Sarah Heinz House Association ($2.7m), Assistance League of San Antonio ($2.7m) and Aurora of Central New York Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $151k (6.0% of expenses). Other salaries and wages came to $405k. At year end it held assets of $487k against liabilities of $997k, net assets of -$511k. It reported 22 employees.