St Simeon Second Mile Corp

Analysis

St Simeon Second Mile Corp is a registered charity in United States, based in Poughkeepsie, NY. It received its IRS tax-exemption ruling in February 1971, 55 years ago. 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 March 2023, St Simeon Second Mile Corp reported income of $712k and spending of $804k, spending 113% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $706k to $712k (+0.8%), an average of +0.3% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Simeon Second Mile Corp sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Marthas Vineyard Cerebral Palsy Camp Inc ($712k), North American Baptist Home ($712k) and Equality North Carolina Foundation ($712k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 5.3% and program service revenue 91% of the total. Other salaries and wages came to $218k. At year end it held assets of $1.5m against liabilities of $117k, net assets of $1.4m. It reported 4 employees.