St Michaels Housing Inc

Analysis

St Michaels Housing Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, St Michaels Housing Inc reported income of $1.1m and spending of $1.2m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.1m (+9.1%), an average of +2.2% a year. Over the whole period it spent 178% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Michaels Housing Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Mt Top Boys Home Inc ($1.1m), Marinda T Obeirne Crisis Nursery ($1.1m) and Crystal Springs Baptist Camp ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 24% of the total. Other salaries and wages came to $141k. At year end it held assets of $2.3m against liabilities of $7.1m, net assets of -$4.8m. It reported 6 employees.