Saginaw Catholic Mustard Seed Foundation

Analysis

Saginaw Catholic Mustard Seed Foundation is a registered charity in United States, based in Saginaw, MI. It received its IRS tax-exemption ruling in July 2003, 23 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 June 2024, Saginaw Catholic Mustard Seed Foundation reported income of $750k and spending of $763k, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.2m to $750k (-36%), an average of -10% a year. The sharpest change came in the year to June 2021, when income dropped by 43%. Over the whole period it spent 81% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Saginaw Catholic Mustard Seed Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include Prince of Peace Senior Apartments Inc ($750k), Heritage Towers of the Christian Church Doc ($751k) and HRC Cottages Inc ($750k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 50% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $60k (7.8% of expenses). Other salaries and wages came to $140k. At year end it held assets of $1.1m against liabilities of $15k, net assets of $1.1m. It reported 7 employees.