Our Lady of Mercy School of Madison Inc

Analysis

Our Lady of Mercy School of Madison Inc is a registered charity in United States, based in Madison, CT. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Our Lady of Mercy School of Madison Inc reported income of $1.8m and spending of $1.7m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $1.8m (+5.9%), an average of +1.4% a year. The sharpest change came in the year to June 2021, when income rose by 53%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Our Lady of Mercy School of Madison Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within CT. Charities of a similar size with the same main cause include Jackson Academy Inc ($1.8m), Charles T Chuck Mathena II Foundation Inc ($1.8m) and Edventure Charter School Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 66% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $238k against liabilities of $127k, net assets of $111k.