Jubilation House Inc
EIN: 570760021 · Myrtle Beach, SC
| Metric | Value |
|---|---|
| Total Expenses | $148K |
| Net Assets | $509K |
Is Jubilation House Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Jubilation House Inc
Jubilation House Inc (EIN: 570760021) is a nonprofit organization based in Myrtle Beach, SC. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jubilation House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jubilation House Inc is a micro nonprofit, with 4 years of IRS 990 filings on record (2012–2015). Revenue has grown at a compound annual rate of -24.1%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $70K |
| Total Expenses | $148K |
| Surplus / Deficit | $-78,109 |
| Total Assets | $809K |
| Total Liabilities | $300K |
| Net Assets | $509K |
| Operating Margin | -111.5% |
| Debt-to-Asset Ratio | 37.1% |
| Months of Reserves | 65.5 months |
Financial Health Grade: B
In 2015, Jubilation House Inc reported a deficit of $78K with expenses exceeding revenue, holds 65.5 months of operating reserves (strong position), has a debt-to-asset ratio of 37.1% (moderate leverage).
Financial Trends
Over 4 years of filings (2012–2015), Jubilation House Inc's revenue has declined at a compound annual growth rate (CAGR) of -24.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -53.0% | -21.2% | -7.8% |
| 2014 | +6.3% | -2.0% | -4.2% |
| 2013 | -12.6% | +0.9% | -5.6% |
AI Analysis Pending
AI enrichment for Jubilation House Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Jubilation House Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $78K, with expenses exceeding revenue.
- Debt-to-asset ratio: 37.1%.
Frequently Asked Questions about Jubilation House Inc
Is Jubilation House Inc a legitimate charity?
Jubilation House Inc (EIN: 570760021) is a registered tax-exempt nonprofit based in South Carolina. It has 4 years of IRS 990 filings on record. No red flags identified. Financial health grade: B.
How does Jubilation House Inc spend its money?
Jubilation House Inc reported its financials in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Jubilation House Inc tax-deductible?
Jubilation House Inc is registered as a tax-exempt nonprofit (EIN: 570760021). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Jubilation House Inc located?
Jubilation House Inc is headquartered in Myrtle Beach, South Carolina and files with the IRS under EIN 570760021.
How many years of IRS 990 filings does Jubilation House Inc have?
Jubilation House Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Jubilation House Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2012–2015), Jubilation House Inc's revenue has declined by 56.3%, moving from $160K to $70K. Total assets decreased by 16.6% over the same period, from $970K to $809K. Total functional expenses fell by 22%, from $190K to $148K. In its most recent filing year (2015), Jubilation House Inc reported a deficit of $78K, with expenses exceeding revenue. The organization holds $300K in liabilities against $809K in assets (debt-to-asset ratio: 37.1%), resulting in net assets of $509K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $70K | $148K | $809K | $300K | — | View 990 |
| 2014 | $149K | $188K | $877K | $302K | — | View 990 |
| 2013 | $140K | $192K | $916K | $301K | — | View 990 |
| 2012 | $160K | $190K | $970K | $301K | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $70K, expenses of $148K, and assets of $809K (revenue -53.0% year-over-year).
- 2014: Revenue of $149K, expenses of $188K, and assets of $877K (revenue +6.3% year-over-year).
- 2013: Revenue of $140K, expenses of $192K, and assets of $916K (revenue -12.6% year-over-year).
- 2012: Revenue of $160K, expenses of $190K, and assets of $970K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jubilation House Inc:
Data Sources and Methodology
This transparency report for Jubilation House Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.