St Anns Home Inc

Analysis

St Anns Home Inc is a registered charity in United States, based in Methuen, MA. It received its IRS tax-exemption ruling in March 1946, 80 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, St Anns Home Inc reported income of $40.0m and spending of $34.6m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $29.2m to $40.0m (+37%), an average of +8.2% a year. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Anns Home Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Loma Linda University Health ($40.0m), The American University of Paris Inc ($40.1m) and Habitat for Humanity International ($40.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $355k (1.0% of expenses). Other salaries and wages came to $23.4m. At year end it held assets of $47.8m against liabilities of $7.1m, net assets of $40.7m. It reported 481 employees.