Jubilee Homes of Syracuse Inc

Analysis

Jubilee Homes of Syracuse Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in October 1996, 30 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 December 2023, Jubilee Homes of Syracuse Inc reported income of $1.2m and spending of $988k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $736k to $1.2m (+60%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Jubilee Homes of Syracuse Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Furniture Project Omaha ($1.2m), Covenant Housing Corporation ($1.2m) and Bishop John R McGann Senior Housing Development Fund Company Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $103k (10% of expenses). Other salaries and wages came to $425k. At year end it held assets of $1.4m against liabilities of $510k, net assets of $931k. It reported 23 employees.