Mary Lee Flagship

Analysis

Mary Lee Flagship is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in May 2005, 21 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, Mary Lee Flagship reported income of $194k and spending of $181k, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $144k to $194k (+35%), an average of +7.9% a year. The sharpest change came in the year to June 2023, when income rose by 59%. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mary Lee Flagship sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within TX. Charities of a similar size with the same main cause include Riverside First Baptist Homes Inc ($194k), S&d PJ Housing ($194k) and San Leandro Supportive Housing Inc ($194k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $29k. At year end it held assets of $1.0m against liabilities of $1.4m, net assets of -$429k.