Jamboree Housing Corporation

Analysis

Jamboree Housing Corporation is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in November 1994, 32 years ago. 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, Jamboree Housing Corporation reported income of $33.0m and spending of $24.3m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.2m to $33.0m (+151%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 362%. Over the whole period it spent 47% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jamboree Housing Corporation sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Appalachian State University Foundation Inc ($33.0m), Community Foundations of the Hudson Valley ($33.0m) and Goodwill Industries of West Michigan Inc ($33.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $4.8m (20% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $297.4m against liabilities of $132.5m, net assets of $164.9m. It reported 169 employees.