St James Development Corporation Inc

Analysis

St James Development Corporation Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in February 1999, 27 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, St James Development Corporation Inc reported income of $164k and spending of $34k, leaving 79% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $17k to $164k (+856%), an average of +209% a year. The sharpest change came in the year to December 2023, when income rose by 1033%. Over the whole period it spent 32% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, St James Development Corporation Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within MD. Charities of a similar size with the same main cause include Centerspot Inc ($164k), I H a Inc ($164k) and Osage Financial Resources Inc an Oklahoma Non Profit Corporation ($164k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $426k against liabilities of $24k, net assets of $402k.