Journeymen Institute

Analysis

Journeymen Institute is a registered charity in United States, based in Vashon, WA. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Journeymen Institute reported income of $353k and spending of $407k, spending 115% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $304k to $353k (+16%), an average of +7.8% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 100% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Journeymen Institute sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within WA. Charities of a similar size with the same main cause include Lone Star High School Band Boosters Association ($353k), Keeper of the Grumper Foundation ($353k) and Yipoa Center ($353k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $145k (36% of expenses). Other salaries and wages came to $124k. It paid $3,000 in professional fundraising fees. At year end it held assets of $72k against liabilities of $5,308, net assets of $67k. It reported 34 employees.