St Edward Home

Analysis

St Edward Home is a registered charity in United States, based in Fairlawn, OH. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Edward Home reported income of $20.7m and spending of $20.6m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.6m to $20.7m (+18%), an average of +4.1% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, St Edward Home sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Early Milestones Colorado ($20.7m), Family Central Inc ($20.7m) and Pathways Youth & Family Services Inc ($20.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.9% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $837k (4.1% of expenses). Other salaries and wages came to $9.7m. At year end it held assets of $30.7m against liabilities of $20.2m, net assets of $10.6m. It reported 432 employees.