Saint Mary Home Incorporated

Analysis

Saint Mary Home Incorporated is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in December 1900, 126 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Saint Mary Home Incorporated reported income of $29.6m and spending of $29.2m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $33.0m to $29.6m (-10%), an average of -2.7% a year. The sharpest change came in the year to June 2021, when income dropped by 31%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Saint Mary Home Incorporated sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include Big Bend Hospice Inc ($29.6m), The Sheltering Arms ($29.6m) and BST Senior Living West Inc ($29.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.4% and program service revenue 99% of the total. Other salaries and wages came to $13.4m. At year end it held assets of $8.7m against liabilities of $15.6m, net assets of -$6.9m.