St Mary Chapter of the Louisiana Landmarks Society

Analysis

St Mary Chapter of the Louisiana Landmarks Society is a registered charity in United States, based in Franklin, LA. It received its IRS tax-exemption ruling in July 1967, 59 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 May 2023, St Mary Chapter of the Louisiana Landmarks Society reported income of $74k and spending of $119k, spending 160% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income fell from $78k to $74k (-5.1%), an average of -1.7% a year. The sharpest change came in the year to May 2021, when income dropped by 37%. Over the whole period it spent 161% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Mary Chapter of the Louisiana Landmarks Society sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 29th percentile within LA. Charities of a similar size with the same main cause include Mike Cleghorn Ministries Inc ($74k), American Vaulting Association ($74k) and Student Assistance Fund of the Engineers Club of Kansas City ($74k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 19% and program service revenue 50% of the total. Other salaries and wages came to $25k. At year end it held assets of $1.1m against liabilities of $1,422, net assets of $1.1m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.