Junction Business Services Inc

Analysis

Junction Business Services Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in August 2020, 6 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Junction Business Services Inc reported income of $510k and spending of $711k, spending 140% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.1m to $510k (-55%), an average of -33% a year. The sharpest change came in the year to December 2022, when income dropped by 56%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Junction Business Services Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include National Church Residences of Sterling Heights II Mi Inc ($510k), Medical Education Foundation Inc ($510k) and Robert T Secrest Senior Citizen Ctr ($510k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $124k. At year end it held assets of $423k against liabilities of $0, net assets of $423k. It reported 1 employees.