Jefferson Avenue School Associates Inc

Analysis

Jefferson Avenue School Associates Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in October 1990, 36 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 December 2023, Jefferson Avenue School Associates Inc reported income of $832k and spending of $789k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $784k to $832k (+6.1%), an average of +1.5% a year. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Jefferson Avenue School Associates Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Sullivan McKinney Elder Housing Inc ($832k), Shirts Across America ($833k) and Randallstown Non-Profit Housing Corp ($832k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 18% of the total. Other salaries and wages came to $220k. At year end it held assets of $2.4m against liabilities of $3.1m, net assets of -$730k.