Journey Found Inc

Analysis

Journey Found Inc is a registered charity in United States, based in Manchester, CT. It received its IRS tax-exemption ruling in September 2013, 13 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Journey Found Inc reported income of $16.9m and spending of $16.7m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.6m to $16.9m (+25%), an average of +5.7% a year. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Journey Found Inc 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 97th percentile, and in the 96th percentile within CT. Charities of a similar size with the same main cause include Ho-Chunk Housing and Community Development Agency ($16.9m), Connections for the Homeless Inc ($16.9m) and Commonwealth Multifamly Housing Corporation ($16.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $357k (2.1% of expenses). Other salaries and wages came to $10.3m. At year end it held assets of $6.8m against liabilities of $5.6m, net assets of $1.2m. It reported 378 employees.