Journey Home Inc

Analysis

Journey Home Inc is a registered charity in United States, based in Conroe, TX. It received its IRS tax-exemption ruling in August 2019, 7 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, Journey Home Inc reported income of $276k and spending of $261k, spending 94% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $410k to $276k (-33%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 59% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Journey Home Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Hillsboro Supportive Housing Inc ($276k), Harlem United Supportive Housing Development Fund Corporation ($276k) and Oglala Sioux Tribe Partnership for Housing Inc ($276k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. Compensation of current officers, directors and key employees was $37k (14% of expenses). Other salaries and wages came to $66k. At year end it held assets of $885k against liabilities of $374k, net assets of $512k. It reported 7 employees.