Marion Elderly Housing Inc

Analysis

Marion Elderly Housing Inc is a registered charity in United States, based in Overland Park, KS. It received its IRS tax-exemption ruling in November 1992, 34 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Marion Elderly Housing Inc reported income of $368k and spending of $426k, spending 116% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $280k to $368k (+31%), an average of +7.1% a year. The sharpest change came in the year to September 2023, when income rose by 15%. Over the whole period it spent 126% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Marion Elderly Housing Inc sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within KS. Charities of a similar size with the same main cause include Franklin-Vance-Warren-Wilson Housing of Wilson Inc ($367k), Drayton Pines Inc ($368k) and Dorchester County Community Outreach ($367k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $90k. At year end it held assets of $330k against liabilities of $48k, net assets of $281k.

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.