Juel Fairbanks Aftercare Residence

Analysis

Juel Fairbanks Aftercare Residence is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in February 1973, 53 years ago. 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, Juel Fairbanks Aftercare Residence reported income of $2.7m and spending of $2.2m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.7m (+67%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 52%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Juel Fairbanks Aftercare Residence sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MN. Charities of a similar size with the same main cause include The Westerly Ambulance Corps Inc ($2.7m), Charles Humphrey Keating IV Foundation ($2.7m) and Northshire Day School Inc ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $124k (5.7% of expenses). Other salaries and wages came to $991k. At year end it held assets of $5.9m against liabilities of $3.7m, net assets of $2.2m. It reported 38 employees.