Jeremiahs Inn Inc

Analysis

Jeremiahs Inn Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in January 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Jeremiahs Inn Inc reported income of $2.6m and spending of $2.7m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.6m (+38%), an average of +8.5% a year. The sharpest change came in the year to December 2020, when income rose by 39%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Jeremiahs Inn Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Open Table Inc ($2.6m), Credit Advisors Foundation ($2.6m) and Feeding Washington ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $138k (5.0% of expenses). Other salaries and wages came to $1.0m. It paid $91k in professional fundraising fees. At year end it held assets of $3.5m against liabilities of $579k, net assets of $2.9m. It reported 32 employees.