Julie House Inc

Analysis

Julie House Inc is a registered charity in United States, based in Windsor, CT. It received its IRS tax-exemption ruling in October 2002, 24 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 September 2023, Julie House Inc reported income of $1.4m and spending of $1.4m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $699k to $1.4m (+94%), an average of +18% a year. The sharpest change came in the year to September 2020, when income rose by 29%. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Julie House Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within CT. Charities of a similar size with the same main cause include Bedford 203 Housing Development Fund Corporation ($1.4m), Mdbm-Epsilon Senior Housing Corporation ($1.4m) and New Community Hudson Senior Housing Corporation ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 67% of the total. Compensation of current officers, directors and key employees was $73k (5.3% of expenses). Other salaries and wages came to $716k. At year end it held assets of $366k against liabilities of $1.2m, net assets of -$804k. It reported 32 employees.

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.