Jewish Association for Residential Care Inc

Analysis

Jewish Association for Residential Care Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in November 2001, 25 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Jewish Association for Residential Care Inc reported income of $11.7m and spending of $11.8m, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $8.5m to $11.7m (+38%), an average of +8.4% a year. The sharpest change came in the year to August 2023, when income rose by 36%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Jewish Association for Residential Care Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Santa Barbara Affordable Housing Group ($11.7m), Acts Community Development Corporation ($11.7m) and Modesto Gospel Mission ($11.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 25% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $442k (3.7% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $6.7m against liabilities of $2.4m, net assets of $4.4m. It reported 237 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.