Jericho Project Housing Development Fund Corporation

Analysis

Jericho Project Housing Development Fund Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1990, 36 years ago. 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 June 2023, Jericho Project Housing Development Fund Corporation reported income of $961k and spending of $932k, spending 97% of its income. Across the 6 years on record, from March 2019 to June 2023, income grew from $721k to $961k (+33%), an average of +5.9% a year. The sharpest change came in the year to June 2023, when income rose by 329%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jericho Project Housing Development Fund Corporation 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 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Confucius Chinese Language School of Walnut & Diamond Bar ($961k), Red River Valley Athletics Inc ($961k) and Psi Child Centers ($961k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Other salaries and wages came to $470k. At year end it held assets of $1.1m against liabilities of $5.0m, net assets of -$3.9m. It reported 26 employees.