Jubilee Baltimore Inc

Analysis

Jubilee Baltimore Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in July 1981, 45 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, Jubilee Baltimore Inc reported income of $1.5m and spending of $2.2m, spending 145% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $695k to $1.5m (+114%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 667%. Over the whole period it spent 72% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Jubilee Baltimore Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MD. Charities of a similar size with the same main cause include Everglades Housing Group Incorporated ($1.5m), Southeastern Housing Preservation Inc ($1.5m) and Family Resource Center of Peekskill Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $217k (10% of expenses). Other salaries and wages came to $245k. At year end it held assets of $20.7m against liabilities of $16.8m, net assets of $3.9m. It reported 7 employees.