Jacobs Place

Analysis

Jacobs Place is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in June 1983, 43 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Jacobs Place reported income of $756k and spending of $690k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $685k to $756k (+10%), an average of +2.5% a year. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Jacobs Place sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 79th percentile within IA. Charities of a similar size with the same main cause include North Capitol at Plymouth Inc ($755k), 4-12 Gouverneur Place Housing Development Fund Corporation ($756k) and Captrust Community Foundation Inc ($755k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 48% of the total. At year end it held assets of $2.4m against liabilities of $1.8m, net assets of $587k.