Jordan Bay Place

Analysis

Jordan Bay Place is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in March 2000, 26 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 (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, Jordan Bay Place reported income of $249k and spending of $280k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $191k to $249k (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Jordan Bay Place sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 52nd percentile within ME. Charities of a similar size with the same main cause include Society of St Vincent Depaul Council of Louisville ($249k), Tri-Cities Terrace II ($249k) and Mayfair Housing Inc ($249k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 52% of the total. At year end it held assets of $1.1m against liabilities of $22k, net assets of $1.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.