St Michaels Home Inc

St Michaels Home Inc shows significant asset growth and stable expenses with no reported officer compensation.

EIN: 131855431 · Yonkers, NY · Updated: 2026-03-28

$4.5MRevenue

$49.9MAssets

92/100Mission Score (Excellent)

Is St Michaels Home Inc Legit?

Appears Legitimate

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

NoneRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

St Michaels Home Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About St Michaels Home Inc

St Michaels Home Inc (EIN: 131855431) is a nonprofit organization based in Yonkers, NY. The organization reported total revenue of $4.5M and total assets of $49.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of St Michaels Home Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

St Michaels Home Inc demonstrates strong financial health, with its assets growing significantly from $10,539,181 in 2014 to $47,530,912 in 2023. The organization consistently reports zero officer compensation, which is a positive indicator of its commitment to directing resources towards its mission rather than executive salaries. Its revenue has shown substantial growth, particularly in the most recent filing period, jumping from $8,429,277 in 2022 to $14,503,103 in 2023, while expenses remained relatively stable around $1.8-$2 million annually. This suggests efficient operations and effective resource management.

The organization's spending efficiency appears robust, with expenses consistently being a small fraction of its revenue, especially in recent years. For instance, in 2023, expenses were $1,832,325 against revenue of $14,503,103, indicating a very high percentage of revenue is either retained or allocated to program services. The consistent reporting of zero officer compensation across all available filings enhances its transparency profile, as it clearly indicates that no top executives are drawing salaries from the organization. This practice aligns well with donor expectations for responsible financial stewardship.

While the provided data doesn't offer a detailed breakdown of program, administrative, and fundraising expenses, the overall financial picture suggests a well-managed organization with a strong capacity to grow its assets and maintain low operational costs relative to its income. The significant increase in assets and revenue, coupled with stable expenses and no reported officer compensation, points to a financially sound and mission-focused entity. Further detailed expense breakdowns would provide even greater insight into specific spending categories.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates St Michaels Home 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, St Michaels Home Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

St Michaels Home Inc consistently reports 0% officer compensation across all 13 available filings, indicating that no top executives are drawing salaries from the organization, which is highly commendable for an organization of its size with assets nearing $50 million.

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.

Strengths

The following positive indicators were identified for St Michaels Home Inc:

Significant asset growth from $10.5M in 2014 to $47.5M in 2023.
Consistent reporting of 0% officer compensation across all filings.
Stable and relatively low expenses compared to increasing revenue.
Strong revenue growth, especially in the most recent filing period ($14.5M in 2023).
Healthy financial reserves with assets significantly exceeding liabilities.

Frequently Asked Questions about St Michaels Home Inc

Is St Michaels Home Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, St Michaels Home Inc (EIN: 131855431) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.

How does St Michaels Home Inc spend its money?

St Michaels Home Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to St Michaels Home Inc tax-deductible?

St Michaels Home Inc is registered as a tax-exempt nonprofit (EIN: 131855431). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is St Michaels Home Inc financially stable?

Yes, St Michaels Home Inc appears very financially stable, with assets growing from $10.5 million in 2014 to $47.5 million in 2023, and revenue significantly exceeding expenses in recent years.

How has the organization's revenue changed over time?

The organization's revenue has shown substantial growth, particularly in the last two years, increasing from $8.4 million in 2022 to $14.5 million in 2023, after generally fluctuating between $2.2 million and $5.9 million in prior years.

What is the trend in St Michaels Home Inc's expenses?

Expenses have remained remarkably stable, consistently ranging between $1.8 million and $2.0 million annually over the past decade, despite significant increases in revenue and assets.

Does St Michaels Home Inc pay its officers?

No, St Michaels Home Inc has consistently reported 0% officer compensation in all 13 available IRS 990 filings, indicating no salaries are paid to its top executives.

Filing History

IRS 990 filing history for St Michaels Home Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), St Michaels Home Inc's revenue has grown by 504.7%, moving from $2.4M to $14.5M. Total assets increased by 647.2% over the same period, from $6.4M to $47.5M. Total functional expenses fell by 17.7%, from $2.2M to $1.8M. In its most recent filing year (2023), St Michaels Home Inc reported a surplus of $12.7M, with revenue exceeding expenses. The organization holds $4.5M in liabilities against $47.5M in assets (debt-to-asset ratio: 9.5%), resulting in net assets of $43.0M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$14.5M	$1.8M	$47.5M	$4.5M	—	—
2022	$8.4M	$1.8M	$33.4M	$3.0M	—	View 990
2021	$5.5M	$2.0M	$25.9M	$2.2M	—	View 990
2020	$3.2M	$1.9M	$22.0M	$1.8M	—	—
2019	$4.9M	$1.9M	$20.8M	$1.9M	—	View 990
2018	$4.9M	$1.9M	$17.8M	$1.9M	—	View 990
2017	$6.0M	$2.0M	$16.2M	$3.3M	—	View 990
2016	$2.3M	$2.0M	$11.1M	$2.1M	—	View 990
2015	$2.2M	$2.0M	$10.8M	$2.1M	—	View 990
2014	$3.2M	$2.1M	$10.5M	$2.1M	—	View 990
2013	$2.9M	$2.1M	$7.4M	$94K	—	View 990
2012	$2.4M	$2.2M	$6.6M	$99K	—	View 990
2011	$2.4M	$2.2M	$6.4M	$139K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $14.5M, expenses of $1.8M, and assets of $47.5M (revenue +72.1% year-over-year).
2022: Revenue of $8.4M, expenses of $1.8M, and assets of $33.4M (revenue +52.8% year-over-year).
2021: Revenue of $5.5M, expenses of $2.0M, and assets of $25.9M (revenue +70.7% year-over-year).
2020: Revenue of $3.2M, expenses of $1.9M, and assets of $22.0M (revenue -34.5% year-over-year).
2019: Revenue of $4.9M, expenses of $1.9M, and assets of $20.8M (revenue +1.0% year-over-year).
2018: Revenue of $4.9M, expenses of $1.9M, and assets of $17.8M (revenue -18.0% year-over-year).
2017: Revenue of $6.0M, expenses of $2.0M, and assets of $16.2M (revenue +161.0% year-over-year).
2016: Revenue of $2.3M, expenses of $2.0M, and assets of $11.1M (revenue +2.3% year-over-year).
2015: Revenue of $2.2M, expenses of $2.0M, and assets of $10.8M (revenue -29.4% year-over-year).
2014: Revenue of $3.2M, expenses of $2.1M, and assets of $10.5M (revenue +7.8% year-over-year).
2013: Revenue of $2.9M, expenses of $2.1M, and assets of $7.4M (revenue +19.9% year-over-year).
2012: Revenue of $2.4M, expenses of $2.2M, and assets of $6.6M (revenue +2.0% year-over-year).
2011: Revenue of $2.4M, expenses of $2.2M, and assets of $6.4M.

Data Sources and Methodology

This transparency report for St Michaels Home 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.