St Annes Gardens Inc

Analysis

St Annes Gardens Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, St Annes Gardens Inc reported income of $1.0m and spending of $1.1m, spending 105% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $828k to $1.0m (+23%), an average of +7.0% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, St Annes Gardens 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 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Parker Personal Care Inc ($1.0m), Senior Citizens Housing Development Corporation of Stonington ($1.0m) and Casa & Clinton Housing Development Fund Corporation ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $188k. At year end it held assets of $4.4m against liabilities of $57k, net assets of $4.3m. 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.