Justine Petersen Housing and Reinvestment Corporation

Analysis

Justine Petersen Housing and Reinvestment Corporation is a registered charity in United States, based in St Louis, MO. It received its IRS tax-exemption ruling in March 1998, 28 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, Justine Petersen Housing and Reinvestment Corporation reported income of $15.0m and spending of $11.8m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.8m to $15.0m (+214%), an average of +33% a year. The sharpest change came in the year to December 2020, when income rose by 160%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Justine Petersen Housing and Reinvestment Corporation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MO. Charities of a similar size with the same main cause include Neighborhood in Rio Rancho ($14.9m), Waterfront Rescue Mission Inc ($15.0m) and Affordable Housing Access Inc ($14.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $458k (3.9% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $74.0m against liabilities of $53.0m, net assets of $20.9m. It reported 67 employees.