St Patricks Housing Corporation II

Analysis

St Patricks Housing Corporation II is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3).

In the financial year ending December 2023, St Patricks Housing Corporation II reported income of $540k and spending of $735k, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $413k to $540k (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 137% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Patricks Housing Corporation II 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 71st percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Trinity Hill Child Care Center Inc ($540k), Wesley Homes Lake County Inc ($540k) and Hannahs Place Inc ($540k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 39% of the total. Other salaries and wages came to $120k. At year end it held assets of $6.9m against liabilities of $51k, net assets of $6.8m. It reported 3 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.