Journey 21 Inc

Analysis

Journey 21 Inc is a registered charity in United States, based in Oconomowoc, WI. It received its IRS tax-exemption ruling in October 2021, 5 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Journey 21 Inc reported income of $3.0m and spending of $1.5m, leaving 50% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $73k to $3.0m (+4044%), an average of +246% a year. The sharpest change came in the year to December 2021, when income rose by 5125%. Over the whole period it spent 18% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Journey 21 Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within WI. Charities of a similar size with the same main cause include The Missouri Branch of the International Order of the Kings ($3.0m), Haddon Heights Senior Citizens ($3.0m) and Laconia Area Community Land Trust ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $163k (11% of expenses). Other salaries and wages came to $356k. It paid $143k in professional fundraising fees. At year end it held assets of $9.0m against liabilities of $89k, net assets of $8.9m. It reported 7 employees.