Riese-Saint Marys Corporation

Analysis

Riese-Saint Marys Corporation is a registered charity in United States, based in Passaic, NJ. It received its IRS tax-exemption ruling in January 1982, 44 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, Riese-Saint Marys Corporation reported income of $1.6m and spending of $1.1m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.6m (+8.2%), an average of +2.0% a year. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Riese-Saint Marys Corporation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within NJ. Charities of a similar size with the same main cause include Leadertreks Inc ($1.6m), Greater New Hope Baptist Church Towers Inc ($1.6m) and G D L Manor Corp ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $104k. At year end it held assets of $3.8m against liabilities of $462k, net assets of $3.4m. It reported 8 employees.