St Gerard House

Analysis

St Gerard House is a registered charity in United States, based in Hendersonvlle, NC. It received its IRS tax-exemption ruling in July 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, St Gerard House reported income of $4.3m and spending of $4.0m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $4.3m (+115%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, St Gerard House sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Excelsior Charter Group ($4.3m), South Carolina Preparartory Academy ($4.3m) and Life Way Christian School Inc ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $160k (4.0% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $2.1m against liabilities of $598k, net assets of $1.5m. It reported 92 employees.