St Margarets House Housing Development Fund Corporation

Analysis

St Margarets House Housing Development Fund Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2001, 25 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 (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 Margarets House Housing Development Fund Corporation reported income of $11.5m and spending of $65.3m, spending 568% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.1m to $11.5m (+14%), an average of +3.3% a year. Over the whole period it spent 181% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, St Margarets House Housing Development Fund Corporation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Eskaton Village-Grass Valley ($11.5m), LA Cienega Lomod Inc ($11.5m) and Neighborhood Capital Corporation ($11.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $421k (0.6% of expenses). Other salaries and wages came to $520k. At year end it held assets of $31.1m against liabilities of $64.4m, net assets of -$33.3m. It reported 14 employees.