Fern Markwell Senior Housing Inc

Analysis

Fern Markwell Senior Housing Inc is a registered charity in United States, based in Marietta, OK. It received its IRS tax-exemption ruling in March 2002, 24 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 December 2023, Fern Markwell Senior Housing Inc reported income of $110k and spending of $140k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $94k to $110k (+17%), an average of +3.9% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 136% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fern Markwell Senior Housing Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within OK. Charities of a similar size with the same main cause include Poplar Place Inc ($110k), Compass for Hope Inc ($110k) and Vinton Senior Manor Corporation ($110k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 63% of the total. Other salaries and wages came to $27k. At year end it held assets of $830k against liabilities of $1.4m, net assets of -$576k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.