St Marys Residence
St. Mary's Residence: Consistent Revenue, Growing Assets, and Stable Liabilities
EIN: 222504356 · Lewiston, ME · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $2.1M |
| Program Spending | 80% |
| Net Assets | $2.2M |
| Transparency Score | 75/100 |
Is St Marys Residence Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
St Marys Residence directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About St Marys Residence
St Marys Residence (EIN: 222504356) is a nonprofit organization based in Lewiston, ME. The organization reported total revenue of $2.0M and total assets of $4.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of St Marys Residence's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
St Marys Residence is a mid-size nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $2.1M |
| Surplus / Deficit | $-109,326 |
| Total Assets | $4.2M |
| Total Liabilities | $2.0M |
| Net Assets | $2.2M |
| Operating Margin | -5.4% |
| Debt-to-Asset Ratio | 47.3% |
| Months of Reserves | 23.2 months |
Financial Health Grade: B
In 2023, St Marys Residence reported a deficit of $109K with expenses exceeding revenue, holds 23.2 months of operating reserves (strong position), has a debt-to-asset ratio of 47.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), St Marys Residence's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.3% | +52.3% | +10.8% |
| 2022 | +5.3% | -2.2% | +7.3% |
| 2021 | -1.8% | -1.6% | +17.9% |
| 2020 | -0.4% | -4.8% | +5.9% |
| 2019 | +3.0% | -9.7% | +13.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1946 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates St Marys Residence with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, St Marys Residence allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $109K, with expenses exceeding revenue.
- Debt-to-asset ratio: 47.3%.
Executive Compensation Analysis
Executive compensation information is not explicitly detailed in the provided data, making a specific assessment difficult without further filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for St Marys Residence:
- Consistent revenue generation, with 2023 revenue at $2,040,333.
- Significant asset growth over the past eight years, nearly doubling.
- Stable liability management, demonstrating financial prudence.
- Positive net assets trend, indicating financial health and sustainability.
Frequently Asked Questions about St Marys Residence
Is St Marys Residence a legitimate charity?
St Marys Residence (EIN: 222504356) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.0M. No red flags identified. 4 strengths noted. Financial health grade: B.
How does St Marys Residence spend its money?
St Marys Residence directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to St Marys Residence tax-deductible?
St Marys Residence is registered as a tax-exempt nonprofit (EIN: 222504356). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of St Marys Residence's spending goes to programs?
St Marys Residence directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is St Marys Residence located?
St Marys Residence is headquartered in Lewiston, Maine and files with the IRS under EIN 222504356.
How many years of IRS 990 filings does St Marys Residence have?
St Marys Residence has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.0M in total revenue.
What does St Marys Residence do?
St Marys Residence is a nonprofit organization in the Unknown sector, located in Lewiston, Maine. It is classified under NTEE code Unknown.
How much revenue does St Marys Residence have?
St Marys Residence reported total revenue of $1,996,160. Based on 13 IRS 990 filings on record.
What are St Marys Residence's total assets?
St Marys Residence holds total assets of $4,161,749 as reported in IRS 990 filings.
Where is St Marys Residence located?
St Marys Residence is based in Lewiston, Maine.
What is St Marys Residence's EIN?
St Marys Residence's Employer Identification Number (EIN) is 222504356. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is St Marys Residence?
St Marys Residence is classified under NTEE code Unknown (Unknown).
Is St Marys Residence a registered 501(c)(3)?
St Marys Residence appears in IRS records (EIN: 222504356). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does St Marys Residence file IRS Form 990?
Yes, St Marys Residence has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was St Marys Residence's revenue in 2023?
In the 202312 filing period, St Marys Residence reported total revenue of $2,040,333, total expenses of $2,149,659, and net assets of $4,151,304.
Is St Marys Residence's revenue growing or declining?
St Marys Residence's revenue is relatively stable. Revenue went from $1,956,106 (202212) to $2,040,333 (202312), a +4.3% change. Based on 13 filings on record.
What is St Marys Residence's most recent 990 filing?
The most recent IRS Form 990 filing for St Marys Residence covers tax period 202312. It shows revenue of $2,040,333, expenses of $2,149,659, total assets of $4,151,304, and liabilities of $1,963,590.
How much does St Marys Residence spend on programs vs administration?
Based on IRS 990 analysis, St Marys Residence allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is St Marys Residence a trustworthy charity?
Based on AI analysis of IRS 990 data, St Marys Residence appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 4 strengths noted.
What are St Marys Residence's strengths?
Positive indicators for St Marys Residence include: Consistent revenue generation, with 2023 revenue at $2,040,333.. Significant asset growth over the past eight years, nearly doubling.. Stable liability management, demonstrating financial prudence.. Positive net assets trend, indicating financial health and sustainability.. These findings are derived from AI analysis of the organization's financial filings.
How does St Marys Residence compensate executives?
Executive compensation information is not explicitly detailed in the provided data, making a specific assessment difficult without further filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is St Marys Residence?
• Financial statements are consistently filed, showing clear revenue and expense trends. • Asset growth is transparently reported, increasing from $2,185,851 in 2016 to $4,151,304 in 2023. • Liabilities have remained relatively stable, indicating sound financial management. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What factors contributed to the substantial increase in assets from $2,185,851 in 2016 to $4,151,304 in 2023, and how does this impact the organization's long-term mission capacity?
The data shows a consistent increase in assets, suggesting potential investments in property, equipment, or other long-term holdings. This growth enhances the organization's financial stability and capacity to expand programs or services, directly supporting its mission over the long term.
Filing History
IRS 990 filing history for St Marys Residence showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), St Marys Residence's revenue has grown by 25%, moving from $1.6M to $2.0M. Total assets increased by 107.4% over the same period, from $2.0M to $4.2M. Total functional expenses rose by 41.4%, from $1.5M to $2.1M. In its most recent filing year (2023), St Marys Residence reported a deficit of $109K, with expenses exceeding revenue. The organization holds $2.0M in liabilities against $4.2M in assets (debt-to-asset ratio: 47.3%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $2.1M | $4.2M | $2.0M | — | — |
| 2022 | $2.0M | $1.4M | $3.7M | $2.0M | — | View 990 |
| 2021 | $1.9M | $1.4M | $3.5M | $2.2M | — | View 990 |
| 2020 | $1.9M | $1.5M | $3.0M | $2.1M | — | View 990 |
| 2019 | $1.9M | $1.5M | $2.8M | $2.3M | — | View 990 |
| 2018 | $1.8M | $1.7M | $2.5M | $2.4M | — | View 990 |
| 2017 | $1.9M | $1.6M | $2.4M | $2.4M | — | View 990 |
| 2016 | $1.8M | $1.5M | $2.2M | $2.5M | — | View 990 |
| 2015 | $1.8M | $1.6M | $2.2M | $2.8M | — | View 990 |
| 2014 | $1.7M | $1.6M | $2.0M | $2.7M | — | View 990 |
| 2013 | $1.7M | $1.6M | $2.1M | $3.0M | — | View 990 |
| 2012 | $1.7M | $1.6M | $2.4M | $3.3M | — | View 990 |
| 2011 | $1.6M | $1.5M | $2.0M | $3.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $2.1M, and assets of $4.2M (revenue +4.3% year-over-year).
- 2022: Revenue of $2.0M, expenses of $1.4M, and assets of $3.7M (revenue +5.3% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.4M, and assets of $3.5M (revenue -1.8% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.5M, and assets of $3.0M (revenue -0.4% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.5M, and assets of $2.8M (revenue +3.0% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.7M, and assets of $2.5M (revenue -2.2% year-over-year).
- 2017: Revenue of $1.9M, expenses of $1.6M, and assets of $2.4M (revenue +6.8% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.5M, and assets of $2.2M (revenue -2.0% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.6M, and assets of $2.2M (revenue +3.7% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.6M, and assets of $2.0M (revenue +0.6% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.6M, and assets of $2.1M (revenue +3.9% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.6M, and assets of $2.4M (revenue +1.8% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.5M, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for St Marys Residence:
Data Sources and Methodology
This transparency report for St Marys Residence is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.