Jewel Lake Senior Housing Inc

Analysis

Jewel Lake Senior Housing Inc is a registered charity in United States, based in Clackamas, OR. It received its IRS tax-exemption ruling in June 1999, 27 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 June 2024, Jewel Lake Senior Housing Inc reported income of $226k and spending of $263k, spending 117% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $186k to $226k (+21%), an average of +4.0% a year. Over the whole period it spent 127% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Jewel Lake Senior Housing Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within OR. Charities of a similar size with the same main cause include First Baptist Housing Development Inc II ($226k), Family Promise of Bradley County ($226k) and The Army Retirement Residence Foundation-Potomac ($226k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $29k. At year end it held assets of $1.1m against liabilities of $2.4m, net assets of -$1.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.