St Marys Plaza Inc

Analysis

St Marys Plaza Inc is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in September 1981, 45 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 September 2023, St Marys Plaza Inc reported income of $4.8m and spending of $448k, leaving 91% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.6m to $4.8m (+199%), an average of +32% a year. The sharpest change came in the year to September 2023, when income rose by 194%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Marys Plaza Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Palmetto AIDS Life Support Services ($4.8m), Apprentice Education Trust Local 440 ($4.8m) and Residential Group Homes Inc ($4.8m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 7.0% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.