Marys Mantle

Analysis

Marys Mantle is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in February 2010, 16 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, Marys Mantle reported income of $495k and spending of $590k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $386k to $495k (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2021, when income rose by 26%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Marys Mantle sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MI. Charities of a similar size with the same main cause include Empower Tennessee ($495k), Turning Point Community Development Corporation ($495k) and Stepping Stones ($495k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Other salaries and wages came to $353k. At year end it held assets of $971k against liabilities of $150k, net assets of $820k. It reported 15 employees.