St Michaels Home

Analysis

St Michaels Home is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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, St Michaels Home reported income of $61k and spending of $150k, spending 248% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $516k to $61k (-88%), an average of -88% a year. The sharpest change came in the year to September 2023, when income dropped by 88%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Michaels Home sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 17th percentile within ME. Charities of a similar size with the same main cause include Cheesequake Volunteer First Aid Squad Inc ($61k), Olympia Philharmonic Society ($61k) and Seaside Kids Incorporated ($61k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $151k against liabilities of $0, net assets of $151k.