St Peters Haven Corporation

Analysis

St Peters Haven Corporation is a registered charity in United States, based in Clifton, NJ. It received its IRS tax-exemption ruling in February 1987, 39 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 Haven Corporation reported income of $1.7m and spending of $1.3m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $811k to $1.7m (+112%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Peters Haven 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 85th percentile, and in the 87th percentile within NJ. Charities of a similar size with the same main cause include Cathedral Square Housing Inc ($1.7m), The Chastain School at St John Inc ($1.7m) and Bronx Overall Economic Development Corporation ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $32k (2.4% of expenses). Other salaries and wages came to $132k. At year end it held assets of $1.5m against liabilities of $154k, net assets of $1.3m. It reported 10 employees.