PHS Maranatha Inc

Analysis

PHS Maranatha Inc is a registered charity in United States, based in Roseville, MN. It received its IRS tax-exemption ruling in May 1972, 54 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, PHS Maranatha Inc reported income of $16.2m and spending of $16.4m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $10.7m to $16.2m (+52%), an average of +11% a year. The sharpest change came in the year to September 2022, when income rose by 24%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, PHS Maranatha Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MN. Charities of a similar size with the same main cause include Cathedral Square Corporation ($16.2m), Ecole Bilingue ($16.2m) and Western Wall Heritage Foundation Inc ($16.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 7.7% and program service revenue 92% of the total. Other salaries and wages came to $8.6m. At year end it held assets of $25.9m against liabilities of $20.7m, net assets of $5.2m.