St Mary Development Corporation

Analysis

St Mary Development Corporation is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in January 1997, 29 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 Mary Development Corporation reported income of $5.1m and spending of $4.1m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.8m to $5.1m (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, St Mary Development Corporation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within OH. Charities of a similar size with the same main cause include Pillars Inc ($5.1m), Safety Shelter of St Johns County Inc ($5.1m) and Warm Hearth Inc ($5.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $2.0m (50% of expenses). At year end it held assets of $35.6m against liabilities of $18.4m, net assets of $17.2m. It reported 29 employees.