St Marys College of Maryland Foundation Inc

Analysis

St Marys College of Maryland Foundation Inc is a registered charity in United States, based in St Marys City, MD. It received its IRS tax-exemption ruling in May 1972, 54 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, St Marys College of Maryland Foundation Inc reported income of $7.2m and spending of $4.1m, leaving 42% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.4m to $7.2m (+33%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, St Marys College of Maryland Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MD. Charities of a similar size with the same main cause include Yavneh Day School ($7.2m), Santa Barbara Middle School ($7.2m) and East Cooper Montessori Charter School ($7.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 2.4% of the total. It paid $120k in professional fundraising fees. At year end it held assets of $52.1m against liabilities of $865k, net assets of $51.2m.