St Marks Housing of Venice Inc

Analysis

St Marks Housing of Venice Inc is a registered charity in United States, based in Venice, FL. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending June 2024, St Marks Housing of Venice Inc reported income of $847k and spending of $945k, spending 112% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $619k to $847k (+37%), an average of +8.1% a year. The sharpest change came in the year to June 2024, when income rose by 19%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Marks Housing of Venice Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include The Childrens Cancer Foundation Inc ($846k), Deerfield Valley Rescue Inc ($847k) and Coalition for Juvenile Justice ($846k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $119k. At year end it held assets of $3.0m against liabilities of $111k, net assets of $2.9m.

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.