St Meinrad Housing for the Elderly Inc

Analysis

St Meinrad Housing for the Elderly Inc is a registered charity in United States, based in Tell City, IN. It received its IRS tax-exemption ruling in February 1987, 39 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 Meinrad Housing for the Elderly Inc reported income of $108k and spending of $95k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $103k to $108k (+4.5%), an average of +1.1% a year. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, St Meinrad Housing for the Elderly Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within IN. Charities of a similar size with the same main cause include Beyond These Walls Inc ($108k), St Anthony Homes Inc ($108k) and Ihomes ($108k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $14k. At year end it held assets of $291k against liabilities of $485k, net assets of -$195k.