St Marys Housing Corporation Inc

Analysis

St Marys Housing Corporation Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in January 1991, 35 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, St Marys Housing Corporation Inc reported income of $475k and spending of $398k, spending 84% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $431k to $475k (+10%), an average of +2.5% a year. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Marys Housing Corporation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Patriot Resilient Leader Institute ($475k), Western Albermarle Rescue Squad Inc ($475k) and Saints Prison Ministries Inc ($475k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 66% and program service revenue 34% of the total. At year end it held assets of $1.0m against liabilities of $1.1m, net assets of -$95k.