Mainstay Life Services

Analysis

Mainstay Life Services is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in March 1999, 27 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 (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 2024, Mainstay Life Services reported income of $29.2m and spending of $27.8m, spending 95% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $21.1m to $29.2m (+38%), an average of +6.6% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mainstay Life Services sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Ness Healthcare NFP ($29.1m), Integrated Community Services Inc ($29.2m) and Destination Home SV ($29.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.1% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $885k (3.2% of expenses). Other salaries and wages came to $17.2m. At year end it held assets of $29.0m against liabilities of $4.9m, net assets of $24.1m. It reported 494 employees.