St Anns Home Inc

Analysis

St Anns Home Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 Anns Home Inc reported income of $9.9m and spending of $10.6m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $11.0m to $9.9m (-10%), an average of -2.7% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Anns Home Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MI. Charities of a similar size with the same main cause include Southland Integrated Services Inc ($9.9m), Providence St Mel School ($9.9m) and Hospice of Kankakee Valley Inc ($9.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.3% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $292k (2.8% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $13.1m against liabilities of $645k, net assets of $12.4m. It reported 285 employees.