Marys Place Inc

Analysis

Marys Place Inc is a registered charity in United States, based in Windsor, CT. It received its IRS tax-exemption ruling in January 1997, 29 years ago. 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, Marys Place Inc reported income of $187k and spending of $163k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $196k to $187k (-4.8%), an average of -1.2% a year. The sharpest change came in the year to December 2021, when income rose by 71%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Marys Place Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within CT. Charities of a similar size with the same main cause include Ashland Rescue Squad Inc ($187k), Primelife Enrichment Inc ($187k) and Volunteers of America Inc ($187k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $86k (53% of expenses). Other salaries and wages came to $34k. At year end it held assets of $736k against liabilities of $1,111, net assets of $735k. It reported 5 employees.