Journey Home Inc

Analysis

Journey Home Inc is a registered charity in United States, based in Murfreesboro, TN. It received its IRS tax-exemption ruling in January 2007, 19 years ago. 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, Journey Home Inc reported income of $4.8m and spending of $1.6m, leaving 66% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.2m to $4.8m (+312%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Journey Home Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within TN. Charities of a similar size with the same main cause include Cedar Valley Friends of the Family Inc ($4.8m), Bronx Veterans Medical Research Foundation Inc ($4.8m) and Boys & Girls Club of Greater Westfield ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $66k (4.0% of expenses). Other salaries and wages came to $534k. At year end it held assets of $5.9m against liabilities of $149k, net assets of $5.8m. It reported 39 employees.