Residential Home Association of Marion Inc

Analysis

Residential Home Association of Marion Inc is a registered charity in United States, based in Marion, OH. It received its IRS tax-exemption ruling in January 1975, 51 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, Residential Home Association of Marion Inc reported income of $3.3m and spending of $3.8m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $3.3m (+6.3%), an average of +1.5% a year. The sharpest change came in the year to December 2020, when income rose by 45%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Residential Home Association of Marion Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within OH. Charities of a similar size with the same main cause include Arlington Community Food Bank ($3.3m), Erie Family Center ($3.3m) and Boise Group Homes Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $94k (2.4% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $2.7m against liabilities of $533k, net assets of $2.1m. It reported 99 employees.