Preserve Jade East Apartments Inc

Analysis

Preserve Jade East Apartments Inc is a registered charity in United States, based in Medford, OR. It received its IRS tax-exemption ruling in November 1997, 29 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, Preserve Jade East Apartments Inc reported income of $205k and spending of $253k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $187k to $205k (+9.9%), an average of +2.4% a year. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Preserve Jade East Apartments Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within OR. Charities of a similar size with the same main cause include Goshen Housing Trust Inc ($205k), Marion West Inc ($205k) and Sitka Community Development Corporation ($205k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $47k. At year end it held assets of $893k against liabilities of $40k, net assets of $852k.

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.