Marable Specialized Care Inc

Analysis

Marable Specialized Care Inc is a registered charity in United States, based in Westland, MI. It received its IRS tax-exemption ruling in November 2022, 4 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 September 2023, Marable Specialized Care Inc reported income of $897k and spending of $1.1m, spending 120% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $1.0m to $897k (-12%), an average of -12% a year. 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, Marable Specialized Care Inc sits at the 73rd percentile: it is larger than about 73% 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 El Dorado Housing Corporation ($897k), Hookers for Jesus ($897k) and Altadena Childrens Center ($897k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $716k. At year end it held assets of $408k against liabilities of $31k, net assets of $378k. It reported 18 employees.