Southeastern Massachusetts Ser-Jobs for Progress Inc

Analysis

Southeastern Massachusetts Ser-Jobs for Progress Inc is a registered charity in United States, based in Fall River, MA. It received its IRS tax-exemption ruling in June 1987, 39 years ago. 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 2024, Southeastern Massachusetts Ser-Jobs for Progress Inc reported income of $2.9m and spending of $2.5m, spending 88% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.9m to $2.9m (+47%), an average of +8.1% a year. The sharpest change came in the year to June 2020, when income rose by 21%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southeastern Massachusetts Ser-Jobs for Progress Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Polk County Developmental Center Inc ($2.9m), Pace-Brantley Hall School Inc ($2.9m) and Cristo Rey Jesuit Corporate Work Study Program Inc ($2.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 17% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $93k (3.7% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.4m against liabilities of $238k, net assets of $1.2m. It reported 129 employees.