Journey Home Inc

Analysis

Journey Home Inc is a registered charity in United States, based in Mineral, VA. It received its IRS tax-exemption ruling in December 2014, 12 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 December 2023, Journey Home Inc reported income of $264k and spending of $147k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $559k to $264k (-53%), an average of -17% a year. The sharpest change came in the year to December 2021, when income dropped by 50%. Over the whole period it spent 34% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Journey Home Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within VA. Charities of a similar size with the same main cause include Christmas in Action Wichita TX Inc ($264k), Wake County Opportunities Housing Corporation II ($264k) and Lymes Elderly Housing Inc ($264k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.9% of the total. Compensation of current officers, directors and key employees was $27k (19% of expenses). Other salaries and wages came to $63k. At year end it held assets of $2.4m against liabilities of $103k, net assets of $2.3m. It reported 3 employees.