St Marks Towers Inc

Analysis

St Marks Towers Inc is a registered charity in United States, based in St Simons Is, GA. It received its IRS tax-exemption ruling in December 1979, 47 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 September 2023, St Marks Towers Inc reported income of $2.0m and spending of $1.6m, spending 83% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.7m to $2.0m (+17%), an average of +4.0% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Marks Towers Inc 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 86th percentile, and in the 88th percentile within GA. Charities of a similar size with the same main cause include Lovelane Special Needs Horseback Riding Program Inc ($2.0m), Luna Kids Dance Inc ($2.0m) and Endless Options Inc ($2.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $29k (1.8% of expenses). Other salaries and wages came to $376k. At year end it held assets of $2.4m against liabilities of $3.5m, net assets of -$1.0m. It reported 21 employees.