Jewish Apartments & Services Inc

Analysis

Jewish Apartments & Services Inc is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in July 1982, 44 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 May 2023, Jewish Apartments & Services Inc reported income of $14.7m and spending of $14.8m, spending 100% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $12.3m to $14.7m (+20%), an average of +4.7% a year. The sharpest change came in the year to May 2022, when income rose by 19%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Jewish Apartments & Services Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MI. Charities of a similar size with the same main cause include Broadway Services Inc ($14.7m), Martha Lloyd Community Residential Facility Inc ($14.7m) and Blue Mountain Action Council Inc ($14.7m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 6.4% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $1.1m (7.2% of expenses). Other salaries and wages came to $8.2m. At year end it held assets of $3.6m against liabilities of $900k, net assets of $2.7m. It reported 420 employees.