St Marys Home for Children

Analysis

St Marys Home for Children is a registered charity in United States, based in N Providence, RI. It received its IRS tax-exemption ruling in November 1934, 92 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, St Marys Home for Children reported income of $13.3m and spending of $14.0m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.2m to $13.3m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2020, when income rose by 27%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, St Marys Home for Children sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within RI. Charities of a similar size with the same main cause include Pomperaug Woods Inc ($13.3m), Blue Valley Community Action Inc ($13.3m) and Community Action of South Mississippi ($13.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $300k (2.1% of expenses). Other salaries and wages came to $8.4m. At year end it held assets of $7.2m against liabilities of $2.6m, net assets of $4.6m. It reported 263 employees.