Village at Marymount

Analysis

Village at Marymount is a registered charity in United States, based in Garfield HTS, OH. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3).

In the financial year ending December 2022, Village at Marymount reported income of $19.5m and spending of $20.0m, spending 102% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $19.1m to $19.5m (+2.4%), an average of +0.8% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Village at Marymount sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Berkshire Community Action Council Inc ($19.5m), Boston Architectural College ($19.6m) and Southland College Prep Charter School Inc ($19.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 1.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $234k (1.2% of expenses). Other salaries and wages came to $10.6m. At year end it held assets of $9.0m against liabilities of $18.9m, net assets of -$9.9m. It reported 419 employees.