St Monica Gardens Inc

Analysis

St Monica Gardens Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 2023, St Monica Gardens Inc reported income of $891k and spending of $1.1m, spending 123% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $751k to $891k (+19%), an average of +5.9% a year. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Monica Gardens Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Villa Montessori School Ltd ($891k), Pd365 NFP ($891k) and Habitat for Humanity International Inc ($891k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $189k. At year end it held assets of $8.1m against liabilities of $71k, net assets of $8.1m. It reported 6 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.