St Marys Residence Inc

Analysis

St Marys Residence Inc is a registered charity in United States, based in Winsted, MN. It received its IRS tax-exemption ruling in April 1980, 46 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, St Marys Residence Inc reported income of $388k and spending of $359k, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $359k to $388k (+8.1%), an average of +2.0% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Marys Residence Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within MN. Charities of a similar size with the same main cause include Cold Spring Harbor Nursery School ($388k), Federation of Associations of Regulatory Boards ($388k) and Texas Food & Wine Alliance ($388k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 60% and program service revenue 39% of the total. At year end it held assets of $685k against liabilities of $744k, net assets of -$59k.