Mount St James Housing Development Fund Company Inc

Analysis

Mount St James Housing Development Fund Company Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mount St James Housing Development Fund Company Inc reported income of $1.2m and spending of $1.2m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.2m (+0.6%), an average of +0.2% a year. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mount St James Housing Development Fund Company Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Art League of Ocean City Inc ($1.2m), Madison Capitols Hockey Assoc Ltd ($1.2m) and Alabama Waldorf Association the Redmont School Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $206k. At year end it held assets of $3.7m against liabilities of $3.9m, net assets of -$190k.

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.