Saint Marys Home for Disabled Children Foundation

Analysis

Saint Marys Home for Disabled Children Foundation is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Saint Marys Home for Disabled Children Foundation reported income of $1.6m and spending of $1.7m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.6m (-6.5%), an average of -1.7% a year. The sharpest change came in the year to December 2023, when income rose by 1624%. Over the whole period it spent 53% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Saint Marys Home for Disabled Children Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within VA. Charities of a similar size with the same main cause include American Friends of Mosdot Meir of Israel Inc ($1.6m), First Place ($1.6m) and Balboa Park Online Collaborative ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% of the total. At year end it held assets of $33.3m against liabilities of $6,566, net assets of $33.2m.