St Charles Housing II Inc

Analysis

St Charles Housing II Inc is a registered charity in United States, based in Port Charlotte, FL. It received its IRS tax-exemption ruling in February 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 March 2024, St Charles Housing II Inc reported income of $677k and spending of $769k, spending 113% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $610k to $677k (+11%), an average of +2.6% a year. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Charles Housing II Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Hudsonville Parent & Booster Group ($677k), Society of University Surgeons Inc ($677k) and Wallowa Valley Health Care Foundation ($677k).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 98% of the total. Other salaries and wages came to $166k. At year end it held assets of $1.8m against liabilities of $3.0m, net assets of -$1.1m. It reported 5 employees.

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.