St Marthas Housing Inc

Analysis

St Marthas Housing Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in March 1946, 80 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 2023, St Marthas Housing Inc reported income of $1.6m and spending of $5.2m, spending 323% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.1m to $1.6m (+41%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 165% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Marthas Housing Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Buffalo Senior Center Inc ($1.6m), Opensky Policy Institute ($1.6m) and Albany State University Foundation Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 15% of the total. Other salaries and wages came to $187k. At year end it held assets of $6.1m against liabilities of $10.8m, net assets of -$4.7m.