St Peters Foundation

Analysis

St Peters Foundation is a registered charity in United States, based in New Brunswick, NJ. It received its IRS tax-exemption ruling in December 1982, 44 years ago. 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 December 2023, St Peters Foundation reported income of $3.2m and spending of $1.8m, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $3.2m (+111%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 334%. Over the whole period it spent 55% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Peters Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include Tabor 100 ($3.2m), Boys and Girls Clubs of Maui Inc ($3.2m) and Youthbuild Boston Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $15.4m against liabilities of $362k, net assets of $15.1m.