Jubilee House Community

Analysis

Jubilee House Community is a registered charity in United States, based in Monroe, NC. It received its IRS tax-exemption ruling in February 1980, 46 years ago. Its declared purposes cover community improvement and capacity building, 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 House Community reported income of $1.3m and spending of $939k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $820k to $1.3m (+53%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jubilee House Community 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 82nd percentile within NC. Charities of a similar size with the same main cause include National Center for Craftsmanship ($1.3m), Lift Up Carolinas ($1.3m) and Jubilee Jobs Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Other salaries and wages came to $178k. At year end it held assets of $1.7m against liabilities of $777k, net assets of $918k. It reported 4 employees.