St James Retirement Community Inc

Analysis

St James Retirement Community Inc is a registered charity in United States, based in Oneonta, NY. It received its IRS tax-exemption ruling in April 1998, 28 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 James Retirement Community Inc reported income of $1.3m and spending of $1.3m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.3m (+16%), an average of +3.8% a year. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, St James Retirement Community Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Project Restart Inc ($1.3m), Unaccompanied Students Initiative ($1.3m) and Alabama Baptist Retirement Centers Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $95k (7.4% of expenses). Other salaries and wages came to $423k. At year end it held assets of $3.8m against liabilities of $3.3m, net assets of $525k. It reported 20 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.