The Daughters of Mary Immaculate Inc

Analysis

The Daughters of Mary Immaculate Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Daughters of Mary Immaculate Inc reported income of $305k and spending of $286k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $276k to $305k (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Daughters of Mary Immaculate Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MD. Charities of a similar size with the same main cause include Fiftieth Anniversary Scholarship Fund ($305k), Hawaiian Kamalii Inc ($305k) and San Antonio Cpa Continuing Education Foundation ($305k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Other salaries and wages came to $21k. At year end it held assets of $1.1m against liabilities of $6,000, net assets of $1.1m. It reported 1 employees.