St Marys Cultural Center

Analysis

St Marys Cultural Center is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in December 1962, 64 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 December 2023, St Marys Cultural Center reported income of $557k and spending of $702k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $557k (-47%), an average of -15% a year. The sharpest change came in the year to December 2021, when income rose by 107%. Over the whole period it spent 122% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Marys Cultural Center sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MI. Charities of a similar size with the same main cause include Live Free Inc ($557k), Girls Incorporated of Wayne County ($557k) and Youth for Christ USA Inc ($557k).

Other salaries and wages came to $23k. At year end it held assets of $1.1m against liabilities of $1.5m, net assets of -$382k. It reported 39 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.