Saint Jerome Institute Inc

Analysis

Saint Jerome Institute Inc is a registered charity in United States, based in Hyattsville, MD. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Saint Jerome Institute Inc reported income of $1.0m and spending of $947k, spending 93% of its income. Across the 6 years on record, from December 2018 to June 2023, income grew from $457k to $1.0m (+123%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 216%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Saint Jerome Institute Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MD. Charities of a similar size with the same main cause include Communities in Schools of Northwest Michigan ($1.0m), Mesivta of Cleveland ($1.0m) and MK Youth Foundation ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $138k (15% of expenses). Other salaries and wages came to $382k. At year end it held assets of $209k against liabilities of $0, net assets of $209k. It reported 9 employees.