St Anns Warehouse Inc
St Anns Warehouse Inc shows strong asset base and zero reported executive compensation, despite a 2023 operating deficit.
EIN: 112665242 · Brooklyn, NY · NTEE: A200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.7M |
| Total Expenses | $14.8M |
| Program Spending | 90% |
| Net Assets | $28.6M |
| Transparency Score | 92/100 |
Is St Anns Warehouse Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
St Anns Warehouse Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About St Anns Warehouse Inc
St Anns Warehouse Inc (EIN: 112665242) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code A200. The organization reported total revenue of $12.7M and total assets of $28.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of St Anns Warehouse Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
St Anns Warehouse Inc is a large nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.9M |
| Total Expenses | $14.8M |
| Surplus / Deficit | $-2,915,843 |
| Total Assets | $30.2M |
| Total Liabilities | $1.7M |
| Net Assets | $28.6M |
| Operating Margin | -24.5% |
| Debt-to-Asset Ratio | 5.5% |
| Months of Reserves | 24.5 months |
Financial Health Grade: B
In 2023, St Anns Warehouse Inc reported a deficit of $2.9M with expenses exceeding revenue, holds 24.5 months of operating reserves (strong position), has a debt-to-asset ratio of 5.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), St Anns Warehouse Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +34.8% | +129.8% | -7.3% |
| 2022 | +87.8% | +64.2% | +6.8% |
| 2021 | -18.8% | -37.2% | +3.5% |
| 2020 | -36.4% | -26.4% | +0.3% |
| 2019 | +22.9% | +22.2% | +1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates St Anns Warehouse Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, St Anns Warehouse Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.9M, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of this size and suggests a strong commitment to directing funds to its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of St Anns Warehouse Inc's IRS 990 filings:
- Operating deficit in the most recent fiscal year (2023: Expenses $14.8M > Revenue $11.9M)
Strengths
The following positive indicators were identified for St Anns Warehouse Inc:
- Zero reported executive compensation across all 13 filings
- Strong and consistent asset base, peaking at $32.6M in 2022
- Significant revenue rebound from $4.7M in 2021 to $11.9M in 2023
- Low liabilities relative to assets in most years, indicating good financial management
Frequently Asked Questions about St Anns Warehouse Inc
Is St Anns Warehouse Inc a legitimate charity?
St Anns Warehouse Inc (EIN: 112665242) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $12.7M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does St Anns Warehouse Inc spend its money?
St Anns Warehouse Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to St Anns Warehouse Inc tax-deductible?
St Anns Warehouse Inc is registered as a tax-exempt nonprofit (EIN: 112665242). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of St Anns Warehouse Inc's spending goes to programs?
St Anns Warehouse Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does St Anns Warehouse Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), St Anns Warehouse Inc is above average for NTEE category A200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is St Anns Warehouse Inc located?
St Anns Warehouse Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 112665242. It is classified under NTEE code A200.
How many years of IRS 990 filings does St Anns Warehouse Inc have?
St Anns Warehouse Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $12.7M in total revenue.
Is St Anns Warehouse Inc a good charity?
Based on the available IRS 990 data, St Anns Warehouse Inc appears to be a very good charity, particularly due to its strong asset base, consistent program focus (implied by NTEE A200), and the remarkable fact that no officer compensation has been reported in any of the 13 filings.
How has St Anns Warehouse Inc's financial health changed over time?
The organization's financial health has been generally stable with significant assets, though revenue and expenses have fluctuated. It experienced a notable revenue dip in 2021 ($4.7M) but rebounded, and while it had an operating deficit in 2023 ($11.9M revenue vs. $14.8M expenses), it had surpluses in prior years like 2022 ($8.8M revenue vs. $6.4M expenses).
What is the significance of 0% officer compensation?
The 0% officer compensation reported across all filings is highly significant. It means that no officers received salaries or other compensation from the organization, which is a strong indicator of financial efficiency and a commitment to allocating resources directly to programmatic activities.
Filing History
IRS 990 filing history for St Anns Warehouse Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), St Anns Warehouse Inc's revenue has grown by 185.7%, moving from $4.2M to $11.9M. Total assets increased by 1324% over the same period, from $2.1M to $30.2M. Total functional expenses rose by 343.7%, from $3.3M to $14.8M. In its most recent filing year (2023), St Anns Warehouse Inc reported a deficit of $2.9M, with expenses exceeding revenue. The organization holds $1.7M in liabilities against $30.2M in assets (debt-to-asset ratio: 5.5%), resulting in net assets of $28.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.9M | $14.8M | $30.2M | $1.7M | — | View 990 |
| 2022 | $8.8M | $6.5M | $32.6M | $1.2M | — | View 990 |
| 2021 | $4.7M | $3.9M | $30.5M | $1.4M | — | View 990 |
| 2020 | $5.8M | $6.3M | $29.5M | $1.1M | — | View 990 |
| 2019 | $9.1M | $8.5M | $29.4M | $537K | — | View 990 |
| 2018 | $7.4M | $7.0M | $28.9M | $670K | — | View 990 |
| 2017 | $6.6M | $6.9M | $28.2M | $366K | — | View 990 |
| 2016 | $12.1M | $7.8M | $30.1M | $2.0M | — | View 990 |
| 2015 | $12.7M | $4.9M | $28.3M | $4.4M | — | View 990 |
| 2014 | $16.4M | $4.2M | $18.3M | $2.2M | — | View 990 |
| 2013 | $4.9M | $4.2M | $4.3M | $431K | — | View 990 |
| 2012 | $4.7M | $3.6M | $3.3M | $171K | — | View 990 |
| 2011 | $4.2M | $3.3M | $2.1M | $133K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.9M, expenses of $14.8M, and assets of $30.2M (revenue +34.8% year-over-year).
- 2022: Revenue of $8.8M, expenses of $6.5M, and assets of $32.6M (revenue +87.8% year-over-year).
- 2021: Revenue of $4.7M, expenses of $3.9M, and assets of $30.5M (revenue -18.8% year-over-year).
- 2020: Revenue of $5.8M, expenses of $6.3M, and assets of $29.5M (revenue -36.4% year-over-year).
- 2019: Revenue of $9.1M, expenses of $8.5M, and assets of $29.4M (revenue +22.9% year-over-year).
- 2018: Revenue of $7.4M, expenses of $7.0M, and assets of $28.9M (revenue +12.1% year-over-year).
- 2017: Revenue of $6.6M, expenses of $6.9M, and assets of $28.2M (revenue -45.4% year-over-year).
- 2016: Revenue of $12.1M, expenses of $7.8M, and assets of $30.1M (revenue -4.8% year-over-year).
- 2015: Revenue of $12.7M, expenses of $4.9M, and assets of $28.3M (revenue -22.3% year-over-year).
- 2014: Revenue of $16.4M, expenses of $4.2M, and assets of $18.3M (revenue +234.1% year-over-year).
- 2013: Revenue of $4.9M, expenses of $4.2M, and assets of $4.3M (revenue +3.8% year-over-year).
- 2012: Revenue of $4.7M, expenses of $3.6M, and assets of $3.3M (revenue +13.1% year-over-year).
- 2011: Revenue of $4.2M, expenses of $3.3M, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for St Anns Warehouse Inc:
Data Sources and Methodology
This transparency report for St Anns Warehouse Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.