St Paul Housing Corp

Analysis

St Paul Housing Corp is a registered charity in United States, based in Warwick, RI. It received its IRS tax-exemption ruling in May 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, St Paul Housing Corp reported income of $259k and spending of $73k, leaving 72% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income grew from $136k to $259k (+90%), an average of +38% a year. The sharpest change came in the year to December 2020, when income rose by 73%. Over the whole period it spent 34% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, St Paul Housing Corp sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 55th percentile within RI. Charities of a similar size with the same main cause include Grand View Apartments Inc ($258k), Bozeman Senior Housing Inc ($259k) and Cascadia Clusters ($258k).

On its Form 990 for the period ending December 2021, revenue came from program service revenue 74% of the total. At year end it held assets of $3.6m against liabilities of $751k, net assets of $2.8m.