Marian Heights Inc

Analysis

Marian Heights Inc is a registered charity in United States, based in New Britain, CT. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Marian Heights Inc reported income of $648k and spending of $894k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $552k to $648k (+17%), an average of +4.1% a year. Over the whole period it spent 136% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Marian Heights Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within CT. Charities of a similar size with the same main cause include Womens Round Lake Impovement Society TR ($647k), Dekalb County Economic Development Corporation ($648k) and City Hope St Louis ($647k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $148k. At year end it held assets of $6.2m against liabilities of $84k, net assets of $6.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.