St Marys School for the Deaf

Analysis

St Marys School for the Deaf is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in April 1973, 53 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, St Marys School for the Deaf reported income of $13.4m and spending of $13.2m, spending 98% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $12.0m to $13.4m (+12%), an average of +3.8% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Marys School for the Deaf sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include El Nido Family Centers ($13.4m), Vincentian Collaborative System ($13.4m) and Veterans Community Project ($13.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $423k (3.2% of expenses). Other salaries and wages came to $7.3m. At year end it held assets of $5.4m against liabilities of $2.9m, net assets of $2.5m. It reported 216 employees.