Jewel Foundation Incorporated

Analysis

Jewel Foundation Incorporated is a registered charity in United States, based in LA Jolla, CA. It received its IRS tax-exemption ruling in June 1967, 59 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Jewel Foundation Incorporated reported income of $1.2m and spending of $1.2m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $914k to $1.2m (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Jewel Foundation Incorporated sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include P I Foundation ($1.2m), Scottish Rite Tower Development Corporation ($1.2m) and Pond Home Community Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $24k (2.0% of expenses). Other salaries and wages came to $43k. At year end it held assets of $2.0m against liabilities of $27k, net assets of $2.0m. It reported 4 employees.