Marygrove Nonprofit

Analysis

Marygrove Nonprofit is a registered charity in United States, based in Warren, MI. It received its IRS tax-exemption ruling in May 1990, 36 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 (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, Marygrove Nonprofit reported income of $901k and spending of $864k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $836k to $901k (+7.8%), an average of +1.9% a year. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Marygrove Nonprofit sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include Housing Opportunities Project for Excellence Inc ($901k), Judah International Outreach Ministries Inc ($901k) and Mission Springs Housing for the Elderly Inc ($900k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $1.5m against liabilities of $3.2m, net assets of -$1.7m.