Jeremiah Development NFP

Analysis

Jeremiah Development NFP is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in April 2009, 17 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, Jeremiah Development NFP reported income of $72k and spending of $55k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $128k to $72k (-43%), an average of -43% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Jeremiah Development NFP sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within IL. Charities of a similar size with the same main cause include Second Chance Ministry ($72k), Melrose Place Housing Group ($72k) and Oakfield Housing Inc ($72k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. At year end it held assets of $89k against liabilities of $0, net assets of $89k.