St Marys Foundation for Children

Analysis

St Marys Foundation for Children is a registered charity in United States, based in Bayside, NY. It received its IRS tax-exemption ruling in October 1992, 34 years ago. 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 December 2023, St Marys Foundation for Children reported income of $5.2m and spending of $2.5m, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $5.2m (+127%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 103%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Marys Foundation for Children 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 90th percentile within NY. Charities of a similar size with the same main cause include Willowood Developmental Center Inc ($5.2m), Institute for the Development of Young Leaders ($5.2m) and Downeast Transportation Inc ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. Other salaries and wages came to $287k. At year end it held assets of $51.8m against liabilities of $47.1m, net assets of $4.7m.