Friends of St Marys

Analysis

Friends of St Marys is a registered charity in United States, based in Dubuque, IA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Friends of St Marys reported income of $823k and spending of $44k, leaving 95% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $823k (-55%), an average of -18% a year. The sharpest change came in the year to December 2023, when income rose by 128%. Over the whole period it spent 26% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of St Marys sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within IA. Charities of a similar size with the same main cause include Common Good Community Development Corporation ($823k), K M H Homes Inc ($823k) and Pitkin Avenue District Management Association Inc ($823k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Other salaries and wages came to $3,698. At year end it held assets of $9.1m against liabilities of $500, net assets of $9.1m. It reported 2 employees.