Ser-Jobs for Progress National Inc

Analysis

Ser-Jobs for Progress National Inc is a registered charity in United States, based in Pawtucket, RI. It received its IRS tax-exemption ruling in September 1987, 39 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Ser-Jobs for Progress National Inc reported income of $868k and spending of $748k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $795k to $868k (+9.2%), an average of +2.2% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ser-Jobs for Progress National Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within RI. Charities of a similar size with the same main cause include Apollo Foundation Inc ($868k), Growth Enterprises Nashville Inc Association ($869k) and Community First ($868k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 93% of the total. Compensation of current officers, directors and key employees was $108k (14% of expenses). Other salaries and wages came to $276k. At year end it held assets of $1.2m against liabilities of $45k, net assets of $1.2m. It reported 17 employees.