Saint Marks Ministry to Aged Inc

Analysis

Saint Marks Ministry to Aged Inc is a registered charity in United States, based in Easton, MD. It received its IRS tax-exemption ruling in September 1973, 53 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Saint Marks Ministry to Aged Inc reported income of $773k and spending of $835k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $820k to $773k (-5.7%), an average of -1.5% a year. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Saint Marks Ministry to Aged Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MD. Charities of a similar size with the same main cause include Camp Haven Inc ($773k), Samaritan Inn Inc ($774k) and Harry and Jeanette Weinberg Gardens at Bedford Inc ($772k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $128k (15% of expenses). Other salaries and wages came to $191k. At year end it held assets of $2.1m against liabilities of $1.1m, net assets of $975k. It reported 6 employees.