Miami Beach Marian Towers Inc

Analysis

Miami Beach Marian Towers Inc is a registered charity in United States, based in Laud Lakes, FL. It received its IRS tax-exemption ruling in May 1971, 55 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 June 2023, Miami Beach Marian Towers Inc reported income of $568k and spending of $12k, leaving 98% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $639k to $568k (-11%), an average of -3.8% a year. Over the whole period it spent 1.7% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Miami Beach Marian Towers Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Humboldt Bay Housing Development Corporation ($568k), Odessa Methodist Housing Inc ($568k) and Dream Builders Mission ($568k).

At year end it held assets of $19.3m against liabilities of $11k, net assets of $19.3m.