St Marthas Senior Housingcorporation

Analysis

St Marthas Senior Housingcorporation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in August 2007, 19 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 June 2023, St Marthas Senior Housingcorporation reported income of $520k and spending of $722k, spending 139% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $509k to $520k (+2.2%), an average of +0.5% a year. Over the whole period it spent 129% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, St Marthas Senior Housingcorporation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MI. Charities of a similar size with the same main cause include Holy Trinity Baptist Church Enterprises Inc ($520k), Voa Durham Maple Court Inc ($521k) and Bronx United in Leveraging Dollars Inc ($520k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $69k (9.5% of expenses). Other salaries and wages came to $82k. At year end it held assets of $3.9m against liabilities of $5.3m, net assets of -$1.4m. It reported 4 employees.

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.