St Margarets Foundation

Analysis

St Margarets Foundation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, St Margarets Foundation reported income of $11.5m and spending of $11.6m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $11.5m (+625%), an average of +64% a year. The sharpest change came in the year to June 2023, when income rose by 12422%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, St Margarets Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within LA. Charities of a similar size with the same main cause include Fellowship Hall Inc ($11.5m), Ronald McDonald House Charities of Northeast Ohio Inc ($11.5m) and Fairfax Medical Facilities Inc ($11.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $65k (0.6% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $33.0m against liabilities of $5.7m, net assets of $27.3m. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.