Saint Stephens Way Inc

Analysis

Saint Stephens Way Inc is a registered charity in United States, based in Melbourne, FL. It received its IRS tax-exemption ruling in November 2015, 11 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Saint Stephens Way Inc reported income of $358k and spending of $141k, leaving 61% of income unspent that year. Across the 4 years on record, from December 2019 to September 2023, income fell from $370k to $358k (-3.4%), an average of -1.1% a year. The sharpest change came in the year to December 2021, when income rose by 119%. Over the whole period it spent 26% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Saint Stephens Way Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include Unity Housing Inc ($358k), Skelley House Inc ($358k) and Kent Village Housing for the Elderly Inc ($358k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $54k (38% of expenses). Other salaries and wages came to $22k. At year end it held assets of $8.2m against liabilities of $5.2m, net assets of $3.0m. It reported 4 employees.