Merry Go Round Inc

Analysis

Merry Go Round Inc is a registered charity in United States, based in Greenwich, CT. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Merry Go Round Inc reported income of $3.9m and spending of $4.3m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.2m to $3.9m (-6.8%), an average of -1.8% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Merry Go Round Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within CT. Charities of a similar size with the same main cause include Faces Ny Inc ($3.9m), Montgomery Housing Partnership Inc ($3.9m) and Habitat for Humanity International Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 82% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $17.4m against liabilities of $0, net assets of $17.4m. It reported 54 employees.