Maranatha Village Inc

Analysis

Maranatha Village Inc is a registered charity in United States, based in Springfield, MO. It received its IRS tax-exemption ruling in July 1980, 46 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 March 2024, Maranatha Village Inc reported income of $14.8m and spending of $14.6m, spending 99% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $11.5m to $14.8m (+29%), an average of +6.6% a year. The sharpest change came in the year to March 2023, when income rose by 31%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Maranatha Village 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 96th percentile, and in the 95th percentile within MO. Charities of a similar size with the same main cause include Metro Caring ($14.8m), National Head Start Association ($14.8m) and First Presbyterian Day School Inc ($14.8m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 2.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $317k (2.2% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $24.4m against liabilities of $11.7m, net assets of $12.7m. It reported 290 employees.