St Mary Towers Inc

Analysis

St Mary Towers Inc is a registered charity in United States, based in Laud Lakes, FL. It received its IRS tax-exemption ruling in June 1987, 39 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 2023, St Mary Towers Inc reported income of $1.3m and spending of $1.2m, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.1m to $1.3m (+18%), an average of +5.5% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Mary Towers Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Light of the Rockies Christian Counseling Center ($1.3m), Hostos Community College Auxiliary Enterprises Corporation Inc ($1.3m) and Justin Volunteer Fire Department ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $152k. At year end it held assets of $2.2m against liabilities of $3.5m, net assets of -$1.3m. It reported 6 employees.