Student Assistance Services Corporation

Analysis

Student Assistance Services Corporation is a registered charity in United States, based in Tarrytown, NY. It received its IRS tax-exemption ruling in December 1988, 38 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 2023, Student Assistance Services Corporation reported income of $5.6m and spending of $5.6m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.5m to $5.6m (+24%), an average of +5.5% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Student Assistance Services Corporation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Sobriety House Inc ($5.6m), Goochlandcares Inc ($5.6m) and Stamford Health Inc ($5.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $290k (5.1% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $2.2m against liabilities of $1.5m, net assets of $662k. It reported 89 employees.