Majella Cares

Analysis

Majella Cares is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in November 2004, 22 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, Majella Cares reported income of $2.3m and spending of $2.8m, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.5m to $2.3m (-9.7%), an average of -2.5% a year. The sharpest change came in the year to June 2020, when income dropped by 22%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Majella Cares sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include True North of Columbia Inc ($2.3m), Everyday Life Inc ($2.3m) and Stanwood Camano Food Bank Services ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $435k (15% of expenses). Other salaries and wages came to $320k. At year end it held assets of $756k against liabilities of $463k, net assets of $293k. It reported 6 employees.