Marys Place Seattle

Analysis

Marys Place Seattle is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in January 2012, 14 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 June 2023, Marys Place Seattle reported income of $28.9m and spending of $34.6m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $22.6m to $28.9m (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2020, when income rose by 49%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Marys Place Seattle sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within WA. Charities of a similar size with the same main cause include Ncba Inc ($28.8m), Presbyterian Seniorcare ($28.9m) and Newport News Baptist Retirement Community Inc ($28.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $807k (2.3% of expenses). Other salaries and wages came to $13.2m. At year end it held assets of $53.5m against liabilities of $2.0m, net assets of $51.5m. It reported 353 employees.