St Margarets

Analysis

St Margarets is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in August 2011, 15 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 March 2023, St Margarets reported income of $11.0m and spending of $10.8m, spending 98% of its income. Across the 5 years on record, from March 2019 to March 2023, income fell from $11.5m to $11.0m (-4.4%), an average of -1.1% a year. The sharpest change came in the year to March 2021, when income dropped by 33%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Margarets sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within LA. Charities of a similar size with the same main cause include Lulac National Educational Service Centers Inc ($10.9m), Mymichigan Home Care ($11.0m) and Trinity Bible College and Graduate School ($10.9m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 6.2% and program service revenue 92% of the total. Other salaries and wages came to $4.5m. At year end it held assets of $35.4m against liabilities of $12.5m, net assets of $22.9m. It reported 346 employees.