St Marthas Housing II Inc

Analysis

St Marthas Housing II 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 II Inc reported income of $642k and spending of $626k, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $512k to $642k (+25%), an average of +7.8% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 107% 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 II Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Missouri High School Rodeo Inc ($642k), Community Institute for Psychotherapy ($642k) and York College Auxiliary Enterprises Corporation ($642k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Other salaries and wages came to $136k. At year end it held assets of $1.4m against liabilities of $2.5m, net assets of -$1.1m.