St Marys Community Foundation

Analysis

St Marys Community Foundation is a registered charity in United States, based in St Marys, OH. It received its IRS tax-exemption ruling in July 1974, 52 years ago. 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 June 2023, St Marys Community Foundation reported income of $743k and spending of $342k, leaving 54% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $420k to $743k (+77%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 64%. Over the whole period it spent 51% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Marys Community Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within OH. Charities of a similar size with the same main cause include Grace of Jesus Christ Crusade ($743k), Wooster Growth Corporation ($744k) and Atlanta Care Center Inc ($743k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 115% of the total. Compensation of current officers, directors and key employees was $32k (9.3% of expenses). Other salaries and wages came to $6,550. At year end it held assets of $9.9m against liabilities of $2.8m, net assets of $7.2m. It reported 2 employees.