Jubilee Family Development Center Inc

Analysis

Jubilee Family Development Center Inc is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Family Development Center Inc reported income of $1.2m and spending of $661k, leaving 44% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $443k to $1.2m (+168%), an average of +39% a year. The sharpest change came in the year to June 2021, when income rose by 94%. Over the whole period it spent 70% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Jubilee Family Development Center Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within VA. Charities of a similar size with the same main cause include Bay Badminton Training Academy ($1.2m), Andover Huskies Youth Hockey Association ($1.2m) and Northeast Ten Conference Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $48k (7.3% of expenses). Other salaries and wages came to $221k. It paid $25k in professional fundraising fees. At year end it held assets of $2.3m against liabilities of $64k, net assets of $2.3m. It reported 9 employees.