St Marys Woods Inc

Analysis

St Marys Woods Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in March 1946, 80 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 June 2024, St Marys Woods Inc reported income of $7.9m and spending of $6.1m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $6.6m to $7.9m (+20%), an average of +4.6% a year. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Marys Woods Inc 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 95th percentile within VA. Charities of a similar size with the same main cause include Trinity High School Foundation Inc ($7.9m), Chicago Foundation for Women ($7.9m) and Greater Houston Community Foundation ($7.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.3% and program service revenue 95% of the total. Other salaries and wages came to $2.8m. At year end it held assets of $11.5m against liabilities of $416k, net assets of $11.1m. It reported 135 employees.