Jubilee Project Inc

Analysis

Jubilee Project Inc is a registered charity in United States, based in Sneedville, TN. It received its IRS tax-exemption ruling in May 1994, 32 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 Project Inc reported income of $106k and spending of $130k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $187k to $106k (-43%), an average of -13% a year. The sharpest change came in the year to December 2020, when income dropped by 22%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Jubilee Project Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within TN. Charities of a similar size with the same main cause include Loft Ministries ($106k), Aberdeen Main Street Inc ($106k) and Sierra Commons ($106k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $28k (21% of expenses). Other salaries and wages came to $1,302. At year end it held assets of $343k against liabilities of $125, net assets of $343k. It reported 4 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.