St Marys Residence

Analysis

St Marys Residence is a registered charity in United States, based in Lewiston, ME. 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, St Marys Residence reported income of $2.0m and spending of $2.1m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.0m (+7.4%), an average of +1.8% a year. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Marys Residence sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within ME. Charities of a similar size with the same main cause include PTA Tennessee Congress of Parents Teachers Inc ($2.0m), People of Praise Minn Inc ($2.0m) and District 284 Youth Hockey Association ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 98% of the total. At year end it held assets of $4.2m against liabilities of $2.0m, net assets of $2.2m.