Jha Assisted Living Inc

Analysis

Jha Assisted Living Inc is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in January 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Jha Assisted Living Inc reported income of $7.6m and spending of $8.6m, spending 113% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income grew from $5.0m to $7.6m (+54%), an average of +11% a year. The sharpest change came in the year to April 2022, when income rose by 37%. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Jha Assisted Living Inc 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 94th percentile within ME. Charities of a similar size with the same main cause include Cambridge Affordable Housing Corporation ($7.6m), Congregations for the Homeless ($7.6m) and The Village of St Edward at Green ($7.6m).

On its Form 990 for the period ending April 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $15.0m against liabilities of $41.9m, net assets of -$26.9m.

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.