Maria Regina Residence Inc

Analysis

Maria Regina Residence Inc is a registered charity in United States, based in Brentwood, 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 December 2023, Maria Regina Residence Inc reported income of $24.3m and spending of $23.7m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $21.9m to $24.3m (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Maria Regina Residence Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include True Ground Housing Partners ($24.3m), Cumberland Academy ($24.3m) and Family Service Association of Greater Fall River Inc ($24.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $547k (2.3% of expenses). Other salaries and wages came to $10.9m. At year end it held assets of $10.3m against liabilities of $9.6m, net assets of $774k. It reported 304 employees.