Syro Malabar Catholic Mission Ofgreater Washington Inc

Analysis

Syro Malabar Catholic Mission Ofgreater Washington Inc is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in March 1946, 80 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 December 2023, Syro Malabar Catholic Mission Ofgreater Washington Inc reported income of $290k and spending of $301k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $370k to $290k (-22%), an average of -5.9% a year. The sharpest change came in the year to December 2022, when income dropped by 50%. Over the whole period it spent 55% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Syro Malabar Catholic Mission Ofgreater Washington Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MD. Charities of a similar size with the same main cause include Miracle of America Story Inc ($290k), Pound Ridge Lions Ambulance Corps ($290k) and PTA Texas Congress ($290k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $3.9m against liabilities of $2.2m, net assets of $1.7m.