Rose of Mary Terrace a Nonprofitcorporation

Analysis

Rose of Mary Terrace a Nonprofitcorporation is a registered charity in United States, based in Yakima, WA. It received its IRS tax-exemption ruling in May 2007, 19 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rose of Mary Terrace a Nonprofitcorporation reported income of $290k and spending of $429k, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $252k to $290k (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 146% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rose of Mary Terrace a Nonprofitcorporation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within WA. Charities of a similar size with the same main cause include South Charleston Unity Apartments Inc ($290k), Anson County Homes of Hope ($291k) and Better Homes Inc ($290k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $73k. At year end it held assets of $3.5m against liabilities of $30k, net assets of $3.5m. 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.