Marion Senior Living Inc

Analysis

Marion Senior Living Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in April 1998, 28 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 June 2023, Marion Senior Living Inc reported income of $274k and spending of $389k, spending 142% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $949k to $274k (-71%), an average of -34% a year. The sharpest change came in the year to June 2021, when income dropped by 57%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Marion Senior Living Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NE. Charities of a similar size with the same main cause include Community Home Builders Associates ($274k), Spiti Housing Development Fund Company Inc ($274k) and V N Housing Corp ($274k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 60% of the total. At year end it held assets of $2.0m against liabilities of $62k, net assets of $2.0m.