Marys Place

Analysis

Marys Place is a registered charity in United States, based in Lake Stevens, WA. It received its IRS tax-exemption ruling in December 2012, 14 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Marys Place reported income of $324k and spending of $291k, spending 90% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $206k to $324k (+57%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 102% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Marys Place sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within WA. Charities of a similar size with the same main cause include Raes Hope Inc ($324k), Total Foundation Inc ($324k) and Boy Scouts of America ($323k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $80k (27% of expenses). It paid $76k in professional fundraising fees. At year end it held assets of $190k against liabilities of $0, net assets of $190k. It reported 1 employees.