Sisters of the Immaculate Heart of Mary at Mirinae

Analysis

Sisters of the Immaculate Heart of Mary at Mirinae is a registered charity in United States, based in Ridgefield, NJ. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Sisters of the Immaculate Heart of Mary at Mirinae reported income of $911k and spending of $723k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $659k to $911k (+38%), an average of +8.5% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 81% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sisters of the Immaculate Heart of Mary at Mirinae sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within NJ. Charities of a similar size with the same main cause include Twelve21 Global Inc ($911k), Ancient Sacred Buddhist Scripture Stupas Foundation ($912k) and Met by Love Ministries Inc ($910k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.1% and program service revenue 94% of the total. Other salaries and wages came to $187k. At year end it held assets of $3.5m against liabilities of $1.2m, net assets of $2.3m. It reported 6 employees.