St Thomas Syro-Malabar Catholicchurch

Analysis

St Thomas Syro-Malabar Catholicchurch is a registered charity in United States, based in Southfield, MI. 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 Thomas Syro-Malabar Catholicchurch reported income of $326k and spending of $327k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $313k to $326k (+4.2%), an average of +1.0% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Thomas Syro-Malabar Catholicchurch sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MI. Charities of a similar size with the same main cause include Siouxland Community Soup Kitchen Inc ($326k), Hartford County Fire Emergency Plan Inc ($326k) and Denali Arts Council ($326k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $2.1m against liabilities of $13k, net assets of $2.1m.