Jefferson Center Inc

Analysis

Jefferson Center Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in November 1970, 56 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Jefferson Center Inc reported income of $2.2m and spending of $2.3m, spending 103% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $1.5m to $2.2m (+43%), an average of +9.3% a year. The sharpest change came in the year to June 2021, when income rose by 101%. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Jefferson Center Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Homeaid Hawaii ($2.2m), Montrose County Housing Authority ($2.2m) and Bread of Life Ministries Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $360k. At year end it held assets of $6.6m against liabilities of $282k, net assets of $6.4m. It reported 9 employees.

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.