Maranatha Human Services Inc

Analysis

Maranatha Human Services Inc is a registered charity in United States, based in Poughkeepsie, NY. It received its IRS tax-exemption ruling in July 1994, 32 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, Maranatha Human Services Inc reported income of $9.2m and spending of $9.0m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $9.5m to $9.2m (-3.3%), an average of -0.8% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Maranatha Human Services Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Civic Heart Community Services ($9.2m), T3 Labs ($9.2m) and Concordia Place ($9.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.6% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $413k (4.6% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $3.6m against liabilities of $1.7m, net assets of $1.8m. It reported 184 employees.