Serv Properties and Management Inc

Analysis

Serv Properties and Management Inc is a registered charity in United States, based in Hamilton, NJ. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Serv Properties and Management Inc reported income of $10.5m and spending of $5.5m, leaving 48% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.2m to $10.5m (+71%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 74%. Over the whole period it spent 75% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Serv Properties and Management Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Urban Renewal Initiative Foundation ($10.5m), Desert Community Foundation ($10.5m) and Hollingsworth Funds Inc ($10.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $88k (1.6% of expenses). Other salaries and wages came to $31k. At year end it held assets of $32.5m against liabilities of $14.7m, net assets of $17.8m.