Jubilee Housing Inc

Analysis

Jubilee Housing Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 1974, 52 years ago. 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 Housing Inc reported income of $24.4m and spending of $17.5m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.0m to $24.4m (+305%), an average of +42% a year. The sharpest change came in the year to December 2022, when income rose by 121%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jubilee Housing Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 94th percentile within DC. Charities of a similar size with the same main cause include Lab School of Washington ($24.4m), Young Mens Christian Association of Metropolitan Chattanooga ($24.4m) and The Arc Northern Chesapeake Region Incorporated ($24.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 36% of the total. Other salaries and wages came to $4.5m. It paid $17k in professional fundraising fees. At year end it held assets of $121.9m against liabilities of $84.8m, net assets of $37.1m. It reported 52 employees.