Marrakech Residential Services Inc

Analysis

Marrakech Residential Services 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 September 2023, Marrakech Residential Services Inc reported income of $3.2m and spending of $2.9m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.4m to $3.2m (+32%), an average of +7.1% a year. The sharpest change came in the year to September 2023, when income rose by 27%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Marrakech Residential Services Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within CT. Charities of a similar size with the same main cause include Learning Works ($3.2m), Consumers Credit Counseling Service of Rochester Inc ($3.2m) and Inunity Alliance Inc ($3.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $270k against liabilities of $1.3m, net assets of -$1.1m.