St Mary Outreach Inc

Analysis

St Mary Outreach Inc is a registered charity in United States, based in Morgan City, LA. It received its IRS tax-exemption ruling in October 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, St Mary Outreach Inc reported income of $449k and spending of $347k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $342k to $449k (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, St Mary Outreach Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within LA. Charities of a similar size with the same main cause include A Bridge for Kids ($449k), Project Now Inc ($449k) and Visionary Family Ministries Inc ($449k).

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 $38k (11% of expenses). At year end it held assets of $964k against liabilities of $1,843, net assets of $963k. It reported 3 employees.