St Philip Neri House Inc

Analysis

St Philip Neri House Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, St Philip Neri House Inc reported income of $247k and spending of $244k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $96k to $247k (+158%), an average of +158% a year. The sharpest change came in the year to December 2023, when income rose by 158%. Over the whole period it spent 85% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, St Philip Neri House Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include All the Word Bible Translators Inc ($247k), Eagle Ledge Foundation Inc ($248k) and Hope Ministries International Inc ($247k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.8% of the total. At year end it held assets of $55k against liabilities of $3,515, net assets of $52k.