Mary Queen of Angels Inc

Analysis

Mary Queen of Angels Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in March 1946, 80 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, Mary Queen of Angels Inc reported income of $6.5m and spending of $6.3m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.9m to $6.5m (+9.2%), an average of +3.0% 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, Mary Queen of Angels Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within TN. Charities of a similar size with the same main cause include David Horowitz Freedom Center ($6.5m), Teatown Lake Reservation Inc ($6.5m) and Childrens Institute for Learning Differences ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $458k (7.3% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $23.8m against liabilities of $12.0m, net assets of $11.8m. It reported 139 employees.