Jubilee Community Development Corporation

Analysis

Jubilee Community Development Corporation is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Jubilee Community Development Corporation reported income of $1.3m and spending of $814k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $319k to $1.3m (+303%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 182%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jubilee Community Development Corporation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within MO. Charities of a similar size with the same main cause include Hamilton County Business Center Inc ($1.3m), Human Resource Development & Employment Inc ($1.3m) and Association for Manufacturing Excellence Ame ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Other salaries and wages came to $443k. At year end it held assets of $885k against liabilities of $200k, net assets of $685k. It reported 26 employees.