Marion Senior Living Community

Analysis

Marion Senior Living Community is a registered charity in United States, based in Marion, IA. It received its IRS tax-exemption ruling in June 1995, 31 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, Marion Senior Living Community reported income of $72k and spending of $74k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $40k to $72k (+77%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Marion Senior Living Community sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 26th percentile within IA. Charities of a similar size with the same main cause include Acres Homes Garden Inc ($72k), Senior Citizens Housing II of Moore Okla Inc ($72k) and Glenmore Hosuing Inc ($72k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $710k against liabilities of $214k, net assets of $496k.