St Mary Advocates Inc

Analysis

St Mary Advocates Inc is a registered charity in United States, based in Hoboken, NJ. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, St Mary Advocates Inc reported income of $269k and spending of $196k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $190k to $269k (+41%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 67% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, St Mary Advocates Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 66th percentile within NJ. Charities of a similar size with the same main cause include 1854 Foundation ($269k), Daily Bowl ($269k) and Horses of Hope Missouri Inc ($269k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.5% and program service revenue 96% of the total. At year end it held assets of $267k against liabilities of $0, net assets of $267k.