Ser-Jobs for Progress National Inc

Analysis

Ser-Jobs for Progress National Inc is a registered charity in United States, based in Irving, TX. It received its IRS tax-exemption ruling in January 1971, 55 years ago. 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 June 2023, Ser-Jobs for Progress National Inc reported income of $27.6m and spending of $27.8m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $25.5m to $27.6m (+8.3%), an average of +2.7% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ser-Jobs for Progress National Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Hamlin School ($27.6m), Associated Beth Rivka School for Girls Inc ($27.6m) and Association for Energy Affordability Inc ($27.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $1.7m (6.1% of expenses). Other salaries and wages came to $17.3m. At year end it held assets of $3.0m against liabilities of $2.1m, net assets of $902k. It reported 1,928 employees.