Jacobs Well Ministries Inc

Analysis

Jacobs Well Ministries Inc is a registered charity in United States, based in Poplarville, MS. It received its IRS tax-exemption ruling in May 2007, 19 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 May 2024, Jacobs Well Ministries Inc reported income of $2.2m and spending of $2.2m, spending 100% of its income. Across the 5 years on record, from May 2020 to May 2024, income fell from $2.3m to $2.2m (-3.7%), an average of -0.9% a year. The sharpest change came in the year to May 2022, when income rose by 29%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Jacobs Well Ministries Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within MS. Charities of a similar size with the same main cause include Florida Non-Profit Housing Inc ($2.2m), Real Life ($2.2m) and Biloxi Community Development Corp ($2.2m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 4.7% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $310k (14% of expenses). Other salaries and wages came to $511k. At year end it held assets of $1.3m against liabilities of $1.4m, net assets of -$27k. It reported 133 employees.