Jammat Housing and Community Development Corporation

Analysis

Jammat Housing and Community Development Corporation is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in February 1993, 33 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 June 2023, Jammat Housing and Community Development Corporation reported income of $9.1m and spending of $8.9m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.9m to $9.1m (+87%), an average of +17% a year. The sharpest change came in the year to June 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, Jammat Housing and Community Development Corporation sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within RI. Charities of a similar size with the same main cause include Northwest Coastal Housing ($9.1m), Woodlands at St Barnabas Inc ($9.2m) and Operation New Hope ($9.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $235k (2.6% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $4.5m against liabilities of $1.9m, net assets of $2.6m. It reported 250 employees.