Jefferson Housing Inc

Analysis

Jefferson Housing Inc is a registered charity in United States, based in Dunn, NC. It received its IRS tax-exemption ruling in May 1994, 32 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Jefferson Housing Inc reported income of $380k and spending of $412k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $353k to $380k (+7.9%), an average of +1.9% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Jefferson Housing Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within NC. Charities of a similar size with the same main cause include Lodge at Hover Crossing ($380k), Capital City Housing Foundation Inc ($381k) and Tri-Cities Terrace I ($380k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $64k. At year end it held assets of $656k against liabilities of $2.4m, net assets of -$1.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.