St Marys Caring Inc

Analysis

St Marys Caring Inc is a registered charity in United States, based in Lexington PK, MD. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Caring Inc reported income of $449k and spending of $246k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $108k to $449k (+316%), an average of +43% a year. The sharpest change came in the year to December 2022, when income rose by 558%. Over the whole period it spent 35% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, St Marys Caring Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within MD. Charities of a similar size with the same main cause include Project Now Inc ($449k), Duncanville Outreach Ministry ($449k) and St Mary Outreach Inc ($449k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $43k (18% of expenses). Other salaries and wages came to $19k. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m. It reported 3 employees.