Jubilee Jobs Inc

Analysis

Jubilee Jobs Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 1983, 43 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Jobs Inc reported income of $1.3m and spending of $1.0m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $860k to $1.3m (+46%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jubilee Jobs Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 59th percentile within DC. Charities of a similar size with the same main cause include Curts Cafe ($1.3m), National Center for Craftsmanship ($1.3m) and Dunn County Fair Association ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $558k. At year end it held assets of $2.8m against liabilities of $637k, net assets of $2.2m. It reported 22 employees.