Journeymates

Analysis

Journeymates is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Journeymates reported income of $167k and spending of $157k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $179k to $167k (-6.3%), an average of -6.3% a year. Over the whole period it spent 85% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Journeymates sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within NC. Charities of a similar size with the same main cause include Ministerios LA Vid Verdadera ($167k), Triumph of the Cross Community Inc ($168k) and North Mississippi Emmaus Community Inc ($167k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. At year end it held assets of $172k against liabilities of $16k, net assets of $156k.