St Peters Athletic Foundation Inc

Analysis

St Peters Athletic Foundation Inc is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2023, St Peters Athletic Foundation Inc reported income of $341k and spending of $354k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $697k to $341k (-51%), an average of -16% a year. The sharpest change came in the year to June 2020, when income dropped by 46%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, St Peters Athletic Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 70th percentile within NJ. Charities of a similar size with the same main cause include Dartmouth Youth Activities Association Incorporated ($341k), Premier FC ($341k) and Miracle League of the Lehigh Valley ($341k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7.2m against liabilities of $1.0m, net assets of $6.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.