Maro Employment and Training Association

Analysis

Maro Employment and Training Association is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in July 1976, 50 years ago. 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, Maro Employment and Training Association reported income of $3.7m and spending of $3.5m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $784k to $3.7m (+365%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 394%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Maro Employment and Training Association sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MI. Charities of a similar size with the same main cause include Central Texas Summit Christian School System Inc ($3.6m), Hope Rescue Mission of the City of Reading Pa ($3.7m) and Prairie Home Hospice Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $258k (7.3% of expenses). Other salaries and wages came to $102k. At year end it held assets of $2.0m against liabilities of $613k, net assets of $1.4m. It reported 6 employees.