Marrakech Housing Options Inc

Analysis

Marrakech Housing Options Inc is a registered charity in United States, based in Woodbridge, CT. It received its IRS tax-exemption ruling in December 1991, 35 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 June 2023, Marrakech Housing Options Inc reported income of $32.0m and spending of $31.9m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $24.1m to $32.0m (+33%), an average of +7.3% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Marrakech Housing Options Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CT. Charities of a similar size with the same main cause include Central Oklahoma United Methodist Retirement Facility Inc ($31.9m), Youth Development Inc ($32.0m) and The Mather Evanston ($31.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 4.3% of the total. Other salaries and wages came to $19.1m. At year end it held assets of $4.2m against liabilities of $4.5m, net assets of -$275k.