Jubilee Senior Homes Inc

Analysis

Jubilee Senior Homes Inc is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in January 2004, 22 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, Jubilee Senior Homes Inc reported income of $209k and spending of $754k, spending 360% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $914k to $209k (-77%), an average of -31% a year. The sharpest change came in the year to June 2020, when income dropped by 65%. Over the whole period it spent 154% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Jubilee Senior Homes Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Arc of New Jersey Inc ($209k), Ennead ($209k) and Ecco Senior Housing Association ($209k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 139% and program service revenue 143% of the total. Other salaries and wages came to $86k. At year end it held assets of $5.6m against liabilities of $5.8m, net assets of -$212k.

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.