Jubilee Home

Analysis

Jubilee Home is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in June 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Jubilee Home reported income of $626k and spending of $381k, leaving 39% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $292k to $626k (+114%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Jubilee Home sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Once Upon a Dream Learning Center ($626k), Gracious Heart Resource Family Agency ($626k) and Desert Rose Foundation ($626k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $67k (18% of expenses). Other salaries and wages came to $173k. At year end it held assets of $322k against liabilities of $0, net assets of $322k. It reported 10 employees.