St Matthews House Inc

Analysis

St Matthews House Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in March 2002, 24 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 Matthews House Inc reported income of $43.7m and spending of $41.2m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.0m to $43.7m (+297%), an average of +41% a year. The sharpest change came in the year to June 2022, when income rose by 91%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, St Matthews House Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Affordable Housing Preservation Corporation ($43.6m), Institute for Intergovernmental Research Inc ($43.8m) and Oakland Affordable Housing Preservation Initiatives ($43.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $554k (1.3% of expenses). Other salaries and wages came to $13.5m. It paid $208k in professional fundraising fees. At year end it held assets of $55.0m against liabilities of $10.6m, net assets of $44.4m. It reported 469 employees.