Jubilee Ministries

Analysis

Jubilee Ministries is a registered charity in United States, based in Holland, MI. It received its IRS tax-exemption ruling in February 2000, 26 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 June 2024, Jubilee Ministries reported income of $1.1m and spending of $675k, leaving 40% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $416k to $1.1m (+169%), an average of +22% a year. The sharpest change came in the year to June 2024, when income rose by 443%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Jubilee Ministries sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MI. Charities of a similar size with the same main cause include The Salvation Army Ivy Residence Inc ($1.1m), Family Support Council of Douglas County ($1.1m) and Boys and Girls Club of Assabet Valley Inc ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 82% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $94k (14% of expenses). Other salaries and wages came to $116k. At year end it held assets of $6.1m against liabilities of $3.3m, net assets of $2.8m. It reported 5 employees.