St Marys Foundation of Storm Lake Iowa

Analysis

St Marys Foundation of Storm Lake Iowa is a registered charity in United States, based in Storm Lake, IA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, St Marys Foundation of Storm Lake Iowa reported income of $202k and spending of $133k, leaving 34% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $232k to $202k (-13%), an average of -3.4% a year. The sharpest change came in the year to June 2021, when income rose by 225%. Over the whole period it spent 37% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, St Marys Foundation of Storm Lake Iowa sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 55th percentile within IA. Charities of a similar size with the same main cause include Van Ness Study Center Inc ($202k), Luke101 Inc ($203k) and Israel Christian Nexus ($202k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 19% of the total. At year end it held assets of $4.4m against liabilities of $857k, net assets of $3.6m.