Foundation for Maryknoll School

Analysis

Foundation for Maryknoll School is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 June 2023, Foundation for Maryknoll School reported income of $1.5m and spending of $3.3m, spending 229% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $1.5m (-6.4%), an average of -1.6% a year. The sharpest change came in the year to June 2022, when income rose by 112%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for Maryknoll School sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within HI. Charities of a similar size with the same main cause include New York State Association of Firechiefs Inc ($1.5m), Center for the National Interest Inc ($1.5m) and Cristo Rey Kansas City Corporate Internship Program ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% of the total. Other salaries and wages came to $412k. At year end it held assets of $31.5m against liabilities of $1.8m, net assets of $29.8m.