St Marys Home for the Aged Inc

Analysis

St Marys Home for the Aged Inc is a registered charity in United States, based in Manitowoc, WI. It received its IRS tax-exemption ruling in March 1946, 80 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 June 2023, St Marys Home for the Aged Inc reported income of $12.8m and spending of $14.1m, spending 110% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $15.3m to $12.8m (-16%), an average of -5.7% a year. The sharpest change came in the year to June 2022, when income dropped by 25%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Marys Home for the Aged Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within WI. Charities of a similar size with the same main cause include Community School Association ($12.8m), Nami San Diego ($12.9m) and Jeffco Action Center Inc ($12.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.4% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $232k (1.6% of expenses). Other salaries and wages came to $6.6m. At year end it held assets of $27.2m against liabilities of $22.9m, net assets of $4.3m. It reported 307 employees.