St Sharbels Maronite Housing Corporation

Analysis

St Sharbels Maronite Housing Corporation is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in October 1983, 43 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 Sharbels Maronite Housing Corporation reported income of $878k and spending of $816k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $793k to $878k (+11%), an average of +2.6% a year. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, St Sharbels Maronite Housing Corporation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within IL. Charities of a similar size with the same main cause include South Bay Retirement Residence ($877k), Brightland Homes Inc ($878k) and Housing Network Rhode Island Assoc of Nonprofit Housing Developers ($877k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 28% of the total. At year end it held assets of $1.4m against liabilities of $2.6m, net assets of -$1.2m.