Jacobs Ladder Community Development Corporation

Analysis

Jacobs Ladder Community Development Corporation is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in November 2004, 22 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 December 2023, Jacobs Ladder Community Development Corporation reported income of $129k and spending of $122k, spending 95% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $233k to $129k (-45%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 81% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Jacobs Ladder Community Development Corporation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 44th percentile within TN. Charities of a similar size with the same main cause include Rivera Gardens Affordable Housing Corporation ($129k), Family Initiative of Huron County Inc ($129k) and Northeast Georgia Housing Corporation ($129k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $48k (39% of expenses). Other salaries and wages came to $10k. At year end it held assets of $893k against liabilities of $393k, net assets of $500k.