Marys Place Inc

Analysis

Marys Place Inc is a registered charity in United States, based in Altamonte SPG, FL. It received its IRS tax-exemption ruling in September 2007, 19 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 Place Inc reported income of $335k and spending of $234k, leaving 30% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $455k to $335k (-26%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 35%. Over the whole period it spent 58% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Marys Place Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Sabra Sanctuary Inc ($335k), First Growth Children and Family Charities Inc ($335k) and Family Counseling Service of Northern New York Inc ($335k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $118k. At year end it held assets of $704k against liabilities of $1,541, net assets of $702k. It reported 5 employees.