Saint Marks Foundation

Analysis

Saint Marks Foundation is a registered charity in United States, based in Beaumont, TX. It received its IRS tax-exemption ruling in November 1963, 63 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Saint Marks Foundation reported income of $169k and spending of $218k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $165k to $169k (+2.7%), an average of +0.7% a year. The sharpest change came in the year to December 2021, when income rose by 414%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Saint Marks Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Faithhealth Innovations Inc ($169k), Forgiven Worship Center ($169k) and Mission 17 Inc ($169k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.9% of the total. At year end it held assets of $3.8m against liabilities of $0, net assets of $3.8m.