St Pius V Senior Housing Development Fund Corporation

Analysis

St Pius V Senior Housing Development Fund Corporation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 1946, 80 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 June 2023, St Pius V Senior Housing Development Fund Corporation reported income of $987k and spending of $1.2m, spending 126% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $930k to $987k (+6.2%), an average of +2.0% a year. Over the whole period it spent 118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Pius V Senior Housing Development Fund Corporation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Bernies Place Inc Wis Union Day Care Ctr ($986k), Montcalm Community College Foundation ($987k) and Central California Womens Conference ($986k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $3.9m against liabilities of $7.4m, net assets of -$3.5m.

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.