Marguerites Place Inc

Analysis

Marguerites Place Inc is a registered charity in United States, based in Nashua, NH. It received its IRS tax-exemption ruling in March 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Marguerites Place Inc reported income of $1.3m and spending of $1.3m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.3m (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Marguerites Place Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within NH. Charities of a similar size with the same main cause include Christian Church Foundation for the Handicapped ($1.3m), Washington-Mclaughlin Adult Day Care Center ($1.3m) and Education Potential Verified ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 30% of the total. Other salaries and wages came to $785k. At year end it held assets of $3.9m against liabilities of $624k, net assets of $3.2m. It reported 25 employees.