Jubilee Ministries Inc

Analysis

Jubilee Ministries Inc is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in August 1989, 37 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, Jubilee Ministries Inc reported income of $190k and spending of $209k, spending 110% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $204k to $190k (-7.2%), an average of -3.7% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Jubilee Ministries Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within IL. Charities of a similar size with the same main cause include St Mary Magdlene Apartments Inc ($189k), Providence Place III Inc ($190k) and Naomi Community Foundation ($189k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $136k against liabilities of $92k, net assets of $44k.