St Marys Foundation Inc

Analysis

St Marys Foundation Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in March 1946, 80 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 December 2023, St Marys Foundation Inc reported income of $4.4m and spending of $2.1m, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $4.4m (+125%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 93%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Marys Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within WI. Charities of a similar size with the same main cause include Piedmont Residential Development Center Inc ($4.4m), New Horizons Center Inc for People with Special Needs ($4.4m) and Home Based Services Initiative LLC ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. Other salaries and wages came to $397k. At year end it held assets of $31.9m against liabilities of $426k, net assets of $31.5m.