Friends of Our Lady of Martyrs Shrine Inc

Analysis

Friends of Our Lady of Martyrs Shrine Inc is a registered charity in United States, based in Fultonville, NY. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Friends of Our Lady of Martyrs Shrine Inc reported income of $372k and spending of $403k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $372k (-71%), an average of -26% a year. The sharpest change came in the year to December 2021, when income rose by 183%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Friends of Our Lady of Martyrs Shrine Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Yeshiva Lavreichim Metzuyanim Inc ($372k), Christian Arabic Services ($372k) and Bangla Ministries Worldwide ($372k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $133k (33% of expenses). Other salaries and wages came to $42k. At year end it held assets of $822k against liabilities of $0, net assets of $822k. It reported 17 employees.