St Jeans Credit Union Charitable Foundation Inc

Analysis

St Jeans Credit Union Charitable Foundation Inc is a registered charity in United States, based in Salem, MA. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Jeans Credit Union Charitable Foundation Inc reported income of $133k and spending of $43k, leaving 68% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $133k (+133%), an average of +132% a year. The sharpest change came in the year to December 2023, when income rose by 133%. Over the whole period it spent 45% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, St Jeans Credit Union Charitable Foundation Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 50th percentile within MA. Charities of a similar size with the same main cause include Colleton Development Corporation Inc ($133k), Ionia County Economic Alliance ($133k) and Helper Project ($133k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $288k against liabilities of $0, net assets of $288k.