Journey Home Incorporated

Analysis

Journey Home Incorporated is a registered charity in United States, based in West Hartford, CT. It received its IRS tax-exemption ruling in February 2009, 17 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 June 2023, Journey Home Incorporated reported income of $6.3m and spending of $6.0m, spending 95% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.0m to $6.3m (+219%), an average of +47% a year. The sharpest change came in the year to June 2021, when income rose by 125%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Journey Home Incorporated sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within CT. Charities of a similar size with the same main cause include Bethesda Health Group Inc ($6.3m), Immerse Arkansas ($6.3m) and Wrap the World with Quilts ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $216k (3.6% of expenses). Other salaries and wages came to $974k. At year end it held assets of $2.9m against liabilities of $1.1m, net assets of $1.8m. It reported 28 employees.