Ser Jobs for Progress Inc

Analysis

Ser Jobs for Progress Inc is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in October 2003, 23 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 2022, Ser Jobs for Progress Inc reported income of $226k and spending of $344k, spending 152% of what it took in. Across the 6 years on record, from June 2018 to June 2022, income fell from $3.5m to $226k (-94%), an average of -42% a year. The sharpest change came in the year to June 2022, when income dropped by 84%. Over the whole period it spent 101% 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 Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NM. Charities of a similar size with the same main cause include Rehobot Eritrean Church of Charlotte ($226k), Camp Trinity Inc ($226k) and Recreational Park of Red Hook Inc ($226k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $45k (13% of expenses). At year end it held assets of $33k against liabilities of $5,241, net assets of $28k. It reported 22 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.