New Journey CDC Inc

Analysis

New Journey CDC Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 2019, 7 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 June 2023, New Journey CDC Inc reported income of $747k and spending of $748k, spending 100% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $722k to $747k (+3.5%), an average of +3.5% a year. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Journey CDC Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within PA. Charities of a similar size with the same main cause include Santa Fe Apartment Corporation ($747k), Springbrook Apartments Inc ($748k) and Scott County Housing Council ($747k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $78k (10% of expenses). Other salaries and wages came to $240k. At year end it held assets of $194k against liabilities of $141k, net assets of $53k. It reported 10 employees.