St Benedicts Corporation

Analysis

St Benedicts Corporation is a registered charity in United States, based in Cedar Bluff, VA. It received its IRS tax-exemption ruling in August 1988, 38 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, St Benedicts Corporation reported income of $482k and spending of $300k, leaving 38% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $461k to $482k (+4.5%), an average of +0.9% a year. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Benedicts Corporation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within VA. Charities of a similar size with the same main cause include Southern Society for Clinical Investigation Inc ($482k), Colorado Photographic Arts Center Inc ($482k) and Mbef College & Career Academies ($482k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 94% of the total. At year end it held assets of $6.5m against liabilities of $1.6m, net assets of $4.9m.