Sr Louise Demarillac Corporation

Analysis

Sr Louise Demarillac Corporation is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in July 2002, 24 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, Sr Louise Demarillac Corporation reported income of $329k and spending of $415k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $235k to $329k (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 140% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sr Louise Demarillac Corporation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Highland Lutheran Senior Housing Inc ($329k), Good News Shelter Corporation ($329k) and Five Graham St ($329k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $24k. At year end it held assets of $4.3m against liabilities of $2.0m, net assets of $2.2m.

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.