Mara Housing Corporation

Analysis

Mara Housing Corporation is a registered charity in United States, based in Oceanside, CA. It received its IRS tax-exemption ruling in July 2001, 25 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 2024, Mara Housing Corporation reported income of $131k and spending of $145k, spending 111% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $92k to $131k (+43%), an average of +7.5% a year. The sharpest change came in the year to June 2021, when income rose by 58%. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mara Housing Corporation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within CA. Charities of a similar size with the same main cause include Parental Hope Inc ($131k), Lone Star Santas Charities Inc ($131k) and Freedom Inn His Grace Ministry ($131k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 88% and program service revenue 12% of the total. At year end it held assets of $301k against liabilities of $164k, net assets of $137k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.