St Andre Home Inc

Analysis

St Andre Home Inc is a registered charity in United States, based in Bangor, ME. 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 June 2024, St Andre Home Inc reported income of $665k and spending of $622k, spending 94% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $796k to $665k (-17%), an average of -3.6% a year. The sharpest change came in the year to June 2024, when income rose by 53%. Over the whole period it spent 149% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Andre Home Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within ME. Charities of a similar size with the same main cause include Chi Sin Buddhist & Taoist Association ($664k), Simon House Inc ($665k) and Palmer Park Seniors Housing Inc ($664k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 91% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $90k (14% of expenses). Other salaries and wages came to $197k. At year end it held assets of $3.7m against liabilities of $139k, net assets of $3.6m. It reported 11 employees.