Daughters of St Mary Convent

Analysis

Daughters of St Mary Convent is a registered charity in United States, based in Frisco, TX. It received its IRS tax-exemption ruling in March 2017, 9 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, Daughters of St Mary Convent reported income of $55k and spending of $48k, spending 86% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $304k to $55k (-82%), an average of -57% a year. The sharpest change came in the year to December 2023, when income rose by 559%. Over the whole period it spent 119% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Daughters of St Mary Convent sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 22nd percentile within TX. Charities of a similar size with the same main cause include Solid Rock Nondenominational Church ($55k), Storychannel USA ($55k) and Avenue B Christian Center ($55k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $46k against liabilities of $24k, net assets of $21k.