Marys Homes of Hope Inc

Analysis

Marys Homes of Hope Inc is a registered charity in United States, based in Arvada, CO. It received its IRS tax-exemption ruling in March 2007, 19 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 December 2023, Marys Homes of Hope Inc reported income of $100k and spending of $40k, leaving 60% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $40k to $100k (+148%), an average of +148% a year. The sharpest change came in the year to December 2023, when income rose by 148%. Over the whole period it spent 56% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Marys Homes of Hope Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 33rd percentile within CO. Charities of a similar size with the same main cause include Friendship House of Middlesex Inc ($100k), Dialogue on Race Louisiana ($100k) and All Star Child Care Inc ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.9% of the total. At year end it held assets of $71k against liabilities of $0, net assets of $71k.