St Boniface Gardens Inc

Analysis

St Boniface Gardens Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in March 2000, 26 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, St Boniface Gardens Inc reported income of $1.0m and spending of $1.2m, spending 114% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $870k to $1.0m (+17%), an average of +5.2% a year. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, St Boniface 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 Marion Unity Apartments Inc ($1.0m), NHDC Sandpiper Village Apartments Inc ($1.0m) and Regency Senior Housing Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $205k. At year end it held assets of $5.3m against liabilities of $77k, net assets of $5.3m. 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.