Marillac Residence Inc

Analysis

Marillac Residence Inc is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Marillac Residence Inc reported income of $5.7m and spending of $5.9m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.6m to $5.7m (+1.6%), an average of +0.4% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Marillac Residence Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Onward Neighborhood House ($5.7m), Wildlife Management Institute Inc ($5.7m) and Lorelton Foundation ($5.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $115k (2.0% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $6.1m against liabilities of $7.4m, net assets of -$1.2m. It reported 67 employees.