Jeremiah Program

Analysis

Jeremiah Program is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Jeremiah Program reported income of $23.6m and spending of $24.1m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.7m to $23.6m (+86%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 57%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Jeremiah Program sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include Tlingit-Haida Regional Housing Authority ($23.6m), Status Home Inc ($23.6m) and Northeast Denver Housing Center Inc ($23.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 7.6% of the total. Compensation of current officers, directors and key employees was $1.1m (4.7% of expenses). Other salaries and wages came to $10.6m. At year end it held assets of $46.7m against liabilities of $13.2m, net assets of $33.5m. It reported 214 employees.