Our Lady of Mount Carmel-St Marys School Education Foundation

Analysis

Our Lady of Mount Carmel-St Marys School Education Foundation is a registered charity in United States, based in Herrin, IL. It received its IRS tax-exemption ruling in October 1987, 39 years ago. 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 2024, Our Lady of Mount Carmel-St Marys School Education Foundation reported income of $239k and spending of $168k, leaving 30% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $667k to $239k (-64%), an average of -23% a year. The sharpest change came in the year to June 2024, when income rose by 116%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Our Lady of Mount Carmel-St Marys School Education Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 58th percentile within IL. Charities of a similar size with the same main cause include Newark Catholic High School Foundation ($239k), Freedom of Religion for Israel Inc ($239k) and The Central Ohio Symphony Inc ($239k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.0% of the total. At year end it held assets of $3.8m against liabilities of $0, net assets of $3.8m.