Jones-Harrison Residence Corporation

Analysis

Jones-Harrison Residence Corporation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in October 1928, 98 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Jones-Harrison Residence Corporation reported income of $18.1m and spending of $20.6m, spending 114% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $19.3m to $18.1m (-6.0%), an average of -1.5% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Jones-Harrison Residence Corporation sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include Shared Living Collaborativeincorporated ($18.1m), Wingspan Life Resources ($18.1m) and Community Resource Center for the Developmentally Disabled Inc ($18.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $140k (0.7% of expenses). Other salaries and wages came to $10.3m. At year end it held assets of $14.0m against liabilities of $16.6m, net assets of -$2.5m. It reported 370 employees.