St Matthew Housing Development Inc

Analysis

St Matthew Housing Development Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 2018, 8 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 Matthew Housing Development Inc reported income of $927k and spending of $921k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $854k to $927k (+8.5%), an average of +2.1% a year. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, St Matthew Housing Development Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within PA. Charities of a similar size with the same main cause include Lighthouse Rescue Mission ($926k), Mercy Properties Inc ($927k) and Builders Development Corporation ($926k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $136k. At year end it held assets of $2.5m against liabilities of $4.1m, net assets of -$1.6m. It reported 3 employees.