Mars Holdings Inc

Analysis

Mars Holdings Inc is a registered charity in United States, based in Mars, PA. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mars Holdings Inc reported income of $4.1m and spending of $4.7m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.2m to $4.1m (-4.1%), an average of -1.0% a year. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mars Holdings Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include Hawaii Assisted Housing Inc ($4.1m), Saint Elizabeth Shelter Corporation ($4.1m) and On Lok Community Housing Inc ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $24.7m against liabilities of $11.4m, net assets of $13.4m. It reported 21 employees.