Marys House for Older Adults Inc

Analysis

Marys House for Older Adults Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2014, 12 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, Marys House for Older Adults Inc reported income of $80k and spending of $111k, spending 139% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $146k to $80k (-45%), an average of -45% a year. The sharpest change came in the year to December 2023, when income dropped by 45%. Over the whole period it spent 67% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Marys House for Older Adults Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 16th percentile within DC. Charities of a similar size with the same main cause include Leadingage Kentucky Foundation Inc ($80k), St Charles Manor Inc ($80k) and Elm Street Nonprofit Housing Corporation ($80k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 45% of the total. At year end it held assets of $85k against liabilities of $0, net assets of $85k.