St Sharbels Maronite Housing Corporation II

Analysis

St Sharbels Maronite Housing Corporation II is a registered charity in United States, based in Peoria, IL. It received its IRS tax-exemption ruling in January 2000, 26 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 Sharbels Maronite Housing Corporation II reported income of $696k and spending of $772k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $593k to $696k (+17%), an average of +4.1% a year. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, St Sharbels Maronite Housing Corporation II sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include Walsh County Senior Citizens Council ($696k), Safe Passage ($696k) and Saint Samuel Coptic Relief Organization ($696k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. At year end it held assets of $3.5m against liabilities of $5.5m, net assets of -$2.0m.

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.