Mary Frances Varallo Ministries

Analysis

Mary Frances Varallo Ministries is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in July 1987, 39 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mary Frances Varallo Ministries reported income of $199k and spending of $216k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $169k to $199k (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2021, when income rose by 86%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mary Frances Varallo Ministries sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within TN. Charities of a similar size with the same main cause include Virginia Congress of Parents and Teachers ($199k), Guardianship Associates of Utah Inc ($199k) and Little League Baseball Inc ($199k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $116k (54% of expenses). Other salaries and wages came to $3,910. At year end it held assets of $139k against liabilities of $1,449, net assets of $138k. It reported 3 employees.