St Michaels Home Inc

Analysis

St Michaels Home Inc is a registered charity in United States, based in Yonkers, NY. It received its IRS tax-exemption ruling in November 1958, 68 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, St Michaels Home Inc reported income of $14.5m and spending of $1.8m, leaving 87% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.9m to $14.5m (+194%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 26% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Michaels Home Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Flagstaff Family Food Center ($14.5m), The Housing Company ($14.5m) and Senior Services Plus Inc ($14.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 5.2% of the total. At year end it held assets of $47.5m against liabilities of $4.5m, net assets of $43.0m. It reported 32 employees.