St Marys Housing Development Corporation

Analysis

St Marys Housing Development Corporation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in August 1992, 34 years ago. 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 December 2023, St Marys Housing Development Corporation reported income of $345k and spending of $417k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $293k to $345k (+18%), an average of +4.2% a year. Over the whole period it spent 118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Marys Housing Development Corporation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within AZ. Charities of a similar size with the same main cause include College Media Advisers Inc ($345k), Real World Leaders ($346k) and Los Gatos-Saratoga Observation Nursery School ($345k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $96k. At year end it held assets of $498k against liabilities of $50k, net assets of $448k.

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.