St Marys Housing Corporation Inc II

Analysis

St Marys Housing Corporation Inc II is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in May 1993, 33 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 II reported income of $306k and spending of $342k, spending 112% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $250k to $306k (+22%), an average of +5.1% a year. Over the whole period it spent 118% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, St Marys Housing Corporation Inc II sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include Allen Griffin Ministries Inc ($306k), James W McLaurin Testamentary Trust R78119006 ($306k) and Young Living Stones ($306k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 44% and program service revenue 48% of the total. At year end it held assets of $906k against liabilities of $2.2m, net assets of -$1.3m.

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.