St Stephen Housing Association

Analysis

St Stephen Housing Association is a registered charity in United States, based in Renton, WA. It received its IRS tax-exemption ruling in September 1994, 32 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 Stephen Housing Association reported income of $1.6m and spending of $775k, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $677k to $1.6m (+134%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 103%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Stephen Housing Association sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within WA. Charities of a similar size with the same main cause include Larkin Pine Senior Housing Corporation ($1.6m), Child Health Investment Partnership ($1.6m) and Contra Costa Alternative School Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $84k (11% of expenses). Other salaries and wages came to $183k. At year end it held assets of $3.2m against liabilities of $7,072, net assets of $3.2m. It reported 7 employees.