St Marys Court Housing Development Corporation

Analysis

St Marys Court Housing Development Corporation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 1976, 50 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 March 2023, St Marys Court Housing Development Corporation reported income of $3.1m and spending of $3.6m, spending 115% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $2.8m to $3.1m (+10%), an average of +2.5% a year. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Marys Court Housing Development Corporation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 74th percentile within DC. Charities of a similar size with the same main cause include Navy Hale Keiki School Inc ($3.1m), Safe Voices ($3.1m) and Grants Pass Family YMCA ($3.1m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 79% and program service revenue 29% of the total. At year end it held assets of $12.1m against liabilities of $13.8m, net assets of -$1.7m.

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.