Marywood Inc

Analysis

Marywood Inc is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in October 1981, 45 years ago. 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, Marywood Inc reported income of $1.3m and spending of $1.2m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.3m (+7.9%), an average of +1.9% a year. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Marywood Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include Empire Center for Public Policy Inc ($1.3m), Olympic Memorial Hospital ($1.3m) and Link Education Partners Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $278k. At year end it held assets of $2.8m against liabilities of $1.2m, net assets of $1.6m. It reported 13 employees.