Saint Stephen Development Corporation

Analysis

Saint Stephen Development Corporation is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Saint Stephen Development Corporation reported income of $576k and spending of $542k, spending 94% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $517k to $576k (+12%), an average of +3.7% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Saint Stephen Development Corporation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Heart Gallery of Alabama Inc ($576k), Abide in the Vine Child Care Center ($576k) and Mamie a Warren Senior Center ($576k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $311k. At year end it held assets of $342k against liabilities of $42k, net assets of $300k. It reported 15 employees.