Jespy House

Analysis

Jespy House is a registered charity in United States, based in South Orange, NJ. It received its IRS tax-exemption ruling in October 1979, 47 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Jespy House reported income of $9.3m and spending of $8.4m, spending 90% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $7.0m to $9.3m (+33%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Jespy House 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 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Casa Familiar Inc ($9.3m), Hill Country Daily Bread ($9.4m) and Adelante Mujeres ($9.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $434k (5.2% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $11.9m against liabilities of $3.2m, net assets of $8.7m. It reported 122 employees.