St Marys Foundation

Analysis

St Marys Foundation is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, St Marys Foundation reported income of $489k and spending of $124k, leaving 75% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $131k to $489k (+274%), an average of +39% a year. The sharpest change came in the year to December 2020, when income rose by 413%. Over the whole period it spent 69% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, St Marys Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within AL. Charities of a similar size with the same main cause include Love Inc of Clay County ($489k), Ipc Educational and Welfare Society of North America Inc ($489k) and Electronic Bible Fellowship Inc ($489k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $4.1m against liabilities of $0, net assets of $4.1m.