Heart of Mary School

Analysis

Heart of Mary School is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in September 2022, 4 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, Heart of Mary School reported income of $587k and spending of $512k, spending 87% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $222k to $587k (+165%), an average of +164% a year. The sharpest change came in the year to June 2023, when income rose by 165%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heart of Mary School sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within AL. Charities of a similar size with the same main cause include Utah STEM Foundation Inc ($586k), Achievement Rewards for College Scientists Foundation Inc ($587k) and Outdoor Nursery School Inc ($586k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. Other salaries and wages came to $309k. At year end it held assets of $304k against liabilities of $7,558, net assets of $296k. It reported 15 employees.