Marien-Heim Tower

Analysis

Marien-Heim Tower is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 1982, 44 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 March 2024, Marien-Heim Tower reported income of $2.5m and spending of $258k, leaving 90% of income unspent that year. Across the 6 years on record, from March 2019 to March 2024, income grew from $2.2m to $2.5m (+13%), an average of +2.5% a year. Over the whole period it spent 11% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Marien-Heim Tower 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 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Tierra Del Sol Housing Corporation ($2.5m), Helping Hands Inc ($2.5m) and Muslim Foundation Inc ($2.5m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 3.9% and program service revenue 88% of the total. Other salaries and wages came to $164k. At year end it held assets of $37.9m against liabilities of $113k, net assets of $37.8m. It reported 8 employees.