Mars Housing Inc

Analysis

Mars Housing Inc is a registered charity in United States, based in Mars, PA. It received its IRS tax-exemption ruling in August 1978, 48 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, Mars Housing Inc reported income of $1.2m and spending of $1.0m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $983k to $1.2m (+24%), an average of +5.5% a year. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mars Housing Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within PA. Charities of a similar size with the same main cause include Open Communities ($1.2m), Celiaway Foundation ($1.2m) and East Brunswick Community Housing Corporation Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 45% of the total. Other salaries and wages came to $254k. At year end it held assets of $4.1m against liabilities of $74k, net assets of $4.0m. It reported 6 employees.