Jefferson East Inc

Analysis

Jefferson East Inc is a registered charity in United States, based in Norristown, PA. It received its IRS tax-exemption ruling in July 1987, 39 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 June 2024, Jefferson East Inc reported income of $397k and spending of $460k, spending 116% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $420k to $397k (-5.3%), an average of -1.4% a year. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Jefferson East Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within PA. Charities of a similar size with the same main cause include South Daytona Beach Good Samaritan Housing Inc ($397k), Lighthouse Living Centers No 2 Incorporated ($397k) and Lakeview Housing Authority Inc ($397k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $50k. At year end it held assets of $1.5m against liabilities of $2.0m, net assets of -$466k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.