St Mary S Elderly Housing Corporation Inc

Analysis

St Mary S Elderly Housing Corporation Inc is a registered charity in United States, based in Walnut Creek, CA. It received its IRS tax-exemption ruling in July 1978, 48 years ago. 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 October 2023, St Mary S Elderly Housing Corporation Inc reported income of $37.4m and spending of $7.0m, leaving 81% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income grew from $2.0m to $37.4m (+1749%), an average of +107% a year. The sharpest change came in the year to October 2023, when income rose by 1270%. Over the whole period it spent 33% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Mary S Elderly Housing Corporation Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Swords to Plowshares Veterans Rights Organization ($37.3m), Somerville-Cambridge Elder Services Incorporated ($37.4m) and St Andrews Episcopal School Inc ($37.3m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 1.6% and program service revenue 0.3% of the total. Other salaries and wages came to $95k. At year end it held assets of $33.5m against liabilities of $4,500, net assets of $33.5m.