St James Social Service Corporation

Analysis

St James Social Service Corporation is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 James Social Service Corporation reported income of $2.0m and spending of $1.9m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $933k to $2.0m (+111%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 77%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, St James Social Service Corporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NJ. Charities of a similar size with the same main cause include Youth Shelter Program of Westchester Inc ($2.0m), The Banquet ($2.0m) and Newberry County Family YMCA ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $190k (10% of expenses). Other salaries and wages came to $306k. At year end it held assets of $1.0m against liabilities of $489k, net assets of $539k. It reported 15 employees.