Jubilee Association Inc

Analysis

Jubilee Association Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in July 1981, 45 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 June 2023, Jubilee Association Inc reported income of $1.9m and spending of $1.2m, leaving 36% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $798k to $1.9m (+135%), an average of +24% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Jubilee Association Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within PA. Charities of a similar size with the same main cause include Reaching Out Community Services Inc ($1.9m), Council on Aging & Human Services ($1.9m) and Cornerstone of Beaver County ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $127k (11% of expenses). Other salaries and wages came to $491k. It paid $30k in professional fundraising fees. At year end it held assets of $4.6m against liabilities of $212k, net assets of $4.4m. It reported 22 employees.