St Lawrence Housing Inc

Analysis

St Lawrence Housing Inc is a registered charity in United States, based in Tampa, FL. 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, St Lawrence Housing Inc reported income of $668k and spending of $887k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $527k to $668k (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 140% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Lawrence Housing Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Bainbridge Island Child Care Centers ($668k), Independence Resource Center Inc ($668k) and Arkansas State Soccer Association Inc ($668k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. Other salaries and wages came to $178k. At year end it held assets of $4.1m against liabilities of $79k, net assets of $4.0m. It reported 7 employees.

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.