St Mary of Providence

Analysis

St Mary of Providence is a registered charity in United States, based in Chicago, IL. 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 June 2023, St Mary of Providence reported income of $7.8m and spending of $8.0m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.8m to $7.8m (+0.1%), an average of +0.0% a year. The sharpest change came in the year to June 2021, when income rose by 54%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Mary of Providence sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include Metropolitan Affordable Housing Corporation ($7.8m), The Northwest Minnesota Foundation ($7.8m) and East Dakota Educational Cooperative ($7.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.0% and program service revenue 90% of the total. Other salaries and wages came to $4.9m. At year end it held assets of $13.4m against liabilities of $2.0m, net assets of $11.4m. It reported 171 employees.