Stephen Center Inc

Analysis

Stephen Center Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in July 1985, 41 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Stephen Center Inc reported income of $7.0m and spending of $5.4m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $7.0m (+65%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Stephen Center Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within NE. Charities of a similar size with the same main cause include Cherry Street Mission Ministries ($7.0m), Citizens Inn Inc ($7.0m) and Asbury Points Inc ($7.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $274k (5.1% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $16.9m against liabilities of $2.2m, net assets of $14.6m. It reported 141 employees.