Sisters of Mary of the Presentation Health Corporation

Analysis

Sisters of Mary of the Presentation Health Corporation is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 September 2023, Sisters of Mary of the Presentation Health Corporation reported income of $7.0m and spending of $6.9m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $6.3m to $7.0m (+12%), an average of +2.9% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sisters of Mary of the Presentation Health Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within ND. Charities of a similar size with the same main cause include Florida High School Athletic Association Inc ($7.0m), Good Shepherd Lutheran Home ($7.0m) and Sunny Oaks Inc ($7.0m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.7m (24% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $56.7m against liabilities of $51.1m, net assets of $5.6m. It reported 28 employees.