Saint Marys Foundation

Analysis

Saint Marys Foundation is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in July 1967, 59 years ago. Its declared purposes cover medical research, 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, Saint Marys Foundation reported income of $2.8m and spending of $2.8m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.5m to $2.8m (-20%), an average of -5.5% a year. The sharpest change came in the year to June 2021, when income rose by 56%. Over the whole period it spent 72% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Saint Marys Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within MI. Charities of a similar size with the same main cause include A Better Way Foundation Abwf Inc ($2.8m), Utah Support Advocates for Recovery Awareness ($2.8m) and Guiding Right Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% of the total. Compensation of current officers, directors and key employees was $269k (9.6% of expenses). Other salaries and wages came to $340k. It paid $237k in professional fundraising fees. At year end it held assets of $29.1m against liabilities of $843k, net assets of $28.3m.