Jubilee Community Development Corporation

Analysis

Jubilee Community Development Corporation is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in July 1998, 28 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Jubilee Community Development Corporation reported income of $802k and spending of $1.1m, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $701k to $802k (+14%), an average of +3.4% a year. Over the whole period it spent 134% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jubilee Community Development Corporation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Shelter Providers of Utah ($802k), Nami-Arkansas ($802k) and IX Art Park Foundation ($802k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3.8m against liabilities of $7.9m, net assets of -$4.0m. It reported 6 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.