Marien-Heim of Brooklyn

Analysis

Marien-Heim of Brooklyn is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 1943, 83 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 October 2023, Marien-Heim of Brooklyn reported income of $52k and spending of $7,825, leaving 85% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income grew from $46k to $52k (+12%), an average of +2.8% a year. The sharpest change came in the year to October 2023, when income rose by 77%. Over the whole period it spent 30% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Marien-Heim of Brooklyn sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include Senior Citizens Organization Inc ($52k), Lark Farm Inc ($52k) and McCabe United Methodist Church Foundation ($52k).

On its Form 990 for the period ending October 2023, revenue came from program service revenue 55% of the total. At year end it held assets of $7.4m against liabilities of $5.9m, net assets of $1.5m.