St Marys Manor for Senior Citizen Housing Development Fund Company I

Analysis

St Marys Manor for Senior Citizen Housing Development Fund Company I is a registered charity in United States, based in Hempstead, NY. It received its IRS tax-exemption ruling in May 1981, 45 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, St Marys Manor for Senior Citizen Housing Development Fund Company I reported income of $4.0m and spending of $2.4m, leaving 40% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.2m to $4.0m (+23%), an average of +5.4% a year. The sharpest change came in the year to September 2023, when income rose by 17%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Marys Manor for Senior Citizen Housing Development Fund Company I sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Pediatric Cancer Research Foundation ($4.0m), National Wild Turkey Federation Research Foundation Inc ($4.0m) and Blue Letter Bible ($4.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.1% and program service revenue 91% of the total. Other salaries and wages came to $317k. At year end it held assets of $11.7m against liabilities of $937k, net assets of $10.8m. It reported 4 employees.