St Martin de Porres Residence Inc

Analysis

St Martin de Porres Residence Inc is a registered charity in United States, based in Lewiston, ME. It received its IRS tax-exemption ruling in March 1991, 35 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Martin de Porres Residence Inc reported income of $251k and spending of $291k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $190k to $251k (+32%), an average of +7.3% a year. The sharpest change came in the year to December 2022, when income rose by 39%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, St Martin de Porres Residence 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 58th percentile, and in the 52nd percentile within ME. Charities of a similar size with the same main cause include Noble House Inc ($251k), Crossville Housing Development Corporation ($251k) and Trinity Park Incorporated ($251k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $53k (18% of expenses). Other salaries and wages came to $139k. At year end it held assets of $373k against liabilities of $0, net assets of $373k. It reported 11 employees.