Jerome Avenue Care for the Homeless

Analysis

Jerome Avenue Care for the Homeless is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2005, 21 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, Jerome Avenue Care for the Homeless reported income of $8.0m and spending of $7.8m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $9.3m to $8.0m (-14%), an average of -3.6% a year. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Jerome Avenue Care for the Homeless sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Chisom Housing Group ($8.0m), Operation Dignity Inc ($8.1m) and YWCA Cass Clay ($8.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $2.1m. At year end it held assets of $9.8m against liabilities of $11.1m, net assets of -$1.3m. It reported 78 employees.