The Jubilee Association of Maryland Inc

Analysis

The Jubilee Association of Maryland Inc is a registered charity in United States, based in Kensington, MD. It received its IRS tax-exemption ruling in June 1978, 48 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 June 2023, The Jubilee Association of Maryland Inc reported income of $30.0m and spending of $25.9m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.0m to $30.0m (+149%), an average of +26% a year. The sharpest change came in the year to June 2022, when income rose by 59%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Jubilee Association of Maryland 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 97th percentile within MD. Charities of a similar size with the same main cause include St Johns Lutheran Ministries Inc ($30.0m), Father Flanagans Fund for Needy Children ($30.0m) and River Valley Child Development Services Inc ($29.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.7% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $532k (2.1% of expenses). Other salaries and wages came to $19.2m. It paid $48k in professional fundraising fees. At year end it held assets of $26.5m against liabilities of $2.5m, net assets of $24.0m. It reported 478 employees.