Jubilee Academy Inc

Analysis

Jubilee Academy Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in November 2001, 25 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 December 2023, Jubilee Academy Inc reported income of $415k and spending of $563k, spending 136% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $248k to $415k (+68%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Jubilee Academy Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within SC. Charities of a similar size with the same main cause include Community Action Partnership of Kern Foundation ($415k), Santa Barbara Meals on Wheels ($415k) and Pantry 279 Inc ($415k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $56k (10.0% of expenses). Other salaries and wages came to $256k. At year end it held assets of $94k against liabilities of $195k, net assets of -$101k. It reported 21 employees.