Joak American Homes Inc

Analysis

Joak American Homes Inc is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Joak American Homes Inc reported income of $8.2m and spending of $7.8m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.6m to $8.2m (+24%), an average of +5.5% a year. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Joak American Homes Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Coastal Community Health Services Inc ($8.2m), Jeffex Inc ($8.2m) and Keiro Services ($8.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $5.3m. At year end it held assets of $2.6m against liabilities of $485k, net assets of $2.1m. It reported 150 employees.