Jcha Housing and Development Corporation

Analysis

Jcha Housing and Development Corporation is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in November 2004, 22 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 (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, Jcha Housing and Development Corporation reported income of $2.7m and spending of $3.1m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.7m (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Jcha Housing and Development Corporation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 92nd percentile within AL. Charities of a similar size with the same main cause include Housing Development & Neighborhood Preservation Corporation-Ocd ($2.7m), Habitat for Humanity International Inc ($2.7m) and Shalom Towers Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. Other salaries and wages came to $282k. At year end it held assets of $37.9m against liabilities of $7.7m, net assets of $30.1m.

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.