Journey for Life

Analysis

Journey for Life is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in May 2016, 10 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 December 2023, Journey for Life reported income of $207k and spending of $241k, spending 116% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $174k to $207k (+19%), an average of +6.1% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Journey for Life sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NC. Charities of a similar size with the same main cause include Progressive Steps ($207k), United Families of America Group ($207k) and Bethany Place Inc ($207k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $171k (71% of expenses). At year end it held assets of $16k against liabilities of $1,000, net assets of $15k. It reported 2 employees.