Marion Project III Inc

Analysis

Marion Project III Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in June 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 (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, Marion Project III Inc reported income of $269k and spending of $383k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $393k to $269k (-31%), an average of -9.0% a year. The sharpest change came in the year to December 2021, when income dropped by 26%. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Marion Project III Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NE. Charities of a similar size with the same main cause include Portage Pines Nonprofit Corporation ($269k), Casa de Amigos IX Inc ($269k) and Chase Place Housing Inc ($269k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 69% of the total. At year end it held assets of $2.9m against liabilities of $43k, net assets of $2.8m.

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.