Archbishop McCarthy Residence Inc

Analysis

Archbishop McCarthy Residence Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in August 1984, 42 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Archbishop McCarthy Residence Inc reported income of $1.5m and spending of $1.4m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.4m to $1.5m (+9.5%), an average of +3.1% a year. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Archbishop McCarthy Residence Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Beverlyfarm Living Options ($1.5m), Summit Springs Village Corporation ($1.5m) and Capistrano Terrace Organization ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $204k. At year end it held assets of $2.4m against liabilities of $3.7m, net assets of -$1.3m. It reported 6 employees.