St Matthias Senior Housing Inc

Analysis

St Matthias Senior Housing Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, St Matthias Senior Housing Inc reported income of $129k and spending of $163k, spending 126% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $112k to $129k (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 133% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, St Matthias Senior Housing Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within KY. Charities of a similar size with the same main cause include Family Initiative of Huron County Inc ($129k), Affordable Housing Care ($129k) and Jacobs Ladder Community Development Corporation ($129k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $1.1m against liabilities of $14k, net assets of $1.1m.

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.