Maranatha Caring Mission

Analysis

Maranatha Caring Mission is a registered charity in United States, based in Madison, NJ. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Maranatha Caring Mission reported income of $170k and spending of $250k, spending 148% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $262k to $170k (-35%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Maranatha Caring Mission sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 57th percentile within NJ. Charities of a similar size with the same main cause include Give Back Community ($170k), Making a Daily Effort ($170k) and Hugs for Brady Foundation ($170k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $45k. At year end it held assets of $1,937 against liabilities of $0, net assets of $1,937.