St Simeon Foundation Inc

Analysis

St Simeon Foundation Inc is a registered charity in United States, based in Poughkeepsie, NY. It received its IRS tax-exemption ruling in February 1971, 55 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 December 2023, St Simeon Foundation Inc reported income of $125k and spending of $109k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $98k to $125k (+27%), an average of +6.3% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, St Simeon Foundation Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Haven of Hope of Van Wert County Inc ($125k), Boulevard Apartments Inc ($125k) and Heartland House Inc ($125k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 54% of the total. At year end it held assets of $3.7m against liabilities of $5,286, net assets of $3.7m.