Marys Place by the Sea Inc

Analysis

Marys Place by the Sea Inc is a registered charity in United States, based in Ocean Grove, NJ. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 March 2024, Marys Place by the Sea Inc reported income of $1.5m and spending of $1.1m, leaving 25% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $1.1m to $1.5m (+40%), an average of +8.7% a year. The sharpest change came in the year to March 2022, when income rose by 28%. Over the whole period it spent 74% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Marys Place by the Sea Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include Napa Valley Counseling Center Inc ($1.5m), Trinity Free Clinic Inc ($1.5m) and Northeast Regional Cancer Institute ($1.5m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 37% of the total. Other salaries and wages came to $503k. At year end it held assets of $4.6m against liabilities of $461k, net assets of $4.2m. It reported 18 employees.