St Monicas Development Corporation

Analysis

St Monicas Development Corporation is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in May 2018, 8 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 Monicas Development Corporation reported income of $102k and spending of $78k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $60k to $102k (+70%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 72% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, St Monicas Development Corporation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 35th percentile within CT. Charities of a similar size with the same main cause include Villa Pacis Inc ($102k), Greater Hempstead Housing Development Fund Corporation ($102k) and Overlea Homes Inc ($102k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 57% of the total. At year end it held assets of $4.1m against liabilities of $0, net assets of $4.1m.