St Peters Italian Church Housing Development Fund Co Inc

Analysis

St Peters Italian Church Housing Development Fund Co Inc is a registered charity in United States, based in Syracuse, 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 September 2023, St Peters Italian Church Housing Development Fund Co Inc reported income of $1.2m and spending of $1.3m, spending 105% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.2m to $1.2m (+5.3%), an average of +1.3% a year. 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, St Peters Italian Church Housing Development Fund Co Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Alzheimers Alliance of Northeast Texas Inc ($1.2m), Citrus County Abuse Shelter Association Incorporated ($1.2m) and Nutfield Heights Inc ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.2% and program service revenue 96% of the total. Other salaries and wages came to $212k. At year end it held assets of $3.6m against liabilities of $3.1m, net assets of $481k.

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.