Annunciation Maternity Home Inc

Analysis

Annunciation Maternity Home Inc is a registered charity in United States, based in Georgetown, TX. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Annunciation Maternity Home Inc reported income of $3.6m and spending of $1.8m, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $3.6m (+67%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 64%. Over the whole period it spent 64% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Annunciation Maternity Home Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Monks of Norcia Foundation ($3.6m), Peninsula Community Foundation of Virginia ($3.6m) and Gabrielles Angel Foundation for Cancer Research Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $110k (6.2% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $7.0m against liabilities of $39k, net assets of $7.0m. It reported 39 employees.