Marc Homes Inc

Analysis

Marc Homes Inc is a registered charity in United States, based in Muskogee, OK. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Marc Homes Inc reported income of $124k and spending of $148k, spending 119% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $110k to $124k (+14%), an average of +4.3% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Marc Homes Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within OK. Charities of a similar size with the same main cause include Sbawp Housing Inc ($124k), Almost Home Wyoming ($125k) and Compass Harbor ($124k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. Other salaries and wages came to $29k. At year end it held assets of $655k against liabilities of $1.1m, net assets of -$419k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.