Jewells Place Incorporated

Analysis

Jewells Place Incorporated is a registered charity in United States, based in Laurel, MD. It received its IRS tax-exemption ruling in August 1987, 39 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, Jewells Place Incorporated reported income of $8.9m and spending of $7.0m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.0m to $8.9m (+47%), an average of +10% a year. The sharpest change came in the year to June 2020, when income rose by 28%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Jewells Place Incorporated sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MD. Charities of a similar size with the same main cause include William M Bedell Achievement and Resource Center ($8.9m), Northwest Tennessee Human Resource Agency ($8.9m) and Apple Orchard ($8.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $163k (2.3% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $11.7m against liabilities of $4.7m, net assets of $7.0m. It reported 117 employees.