St Marys Home for Disabled Children Inc

Analysis

St Marys Home for Disabled Children Inc is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in September 2019, 7 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, St Marys Home for Disabled Children Inc reported income of $30.1m and spending of $29.4m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $23.6m to $30.1m (+28%), an average of +6.3% 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, St Marys Home for Disabled Children Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include Community Concepts Incorporated ($30.1m), St Josephs Enterprises Inc ($30.1m) and Health Quest Systems Inc ($30.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.6% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $562k (1.9% of expenses). Other salaries and wages came to $15.5m. At year end it held assets of $16.6m against liabilities of $8.0m, net assets of $8.5m. It reported 401 employees.