St Mary School Endowment Foundation Inc

Analysis

St Mary School Endowment Foundation Inc is a registered charity in United States, based in Lake Leelanau, MI. It received its IRS tax-exemption ruling in July 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, St Mary School Endowment Foundation Inc reported income of $249k and spending of $215k, spending 86% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $173k to $249k (+45%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 683%. Over the whole period it spent 29% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, St Mary School Endowment Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within MI. Charities of a similar size with the same main cause include Bay Area Youth Emt Program ($249k), McKeesport Area Education Foundation ($249k) and Northstar Tutoring ($249k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% of the total. At year end it held assets of $4.6m against liabilities of $0, net assets of $4.6m.