St Annes Mead

Analysis

St Annes Mead is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in November 1965, 61 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 December 2023, St Annes Mead reported income of $4.1m and spending of $4.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.2m to $4.1m (-23%), an average of -6.2% a year. The sharpest change came in the year to December 2022, when income dropped by 20%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Annes Mead sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include Early Care and Learning Council ($4.1m), Volunteers of America Inc ($4.1m) and North Carolina Housing Coalition Inc ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.6% and program service revenue 93% of the total. At year end it held assets of $6.6m against liabilities of $977k, net assets of $5.6m. It reported 137 employees.