Marian Assisted Living Inc

Analysis

Marian Assisted Living Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 June 2023, Marian Assisted Living Inc reported income of $3.0m and spending of $3.0m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $3.0m (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Marian Assisted Living Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MD. Charities of a similar size with the same main cause include Healing Abuse Working for Change Inc ($3.0m), National Partnership for Environmental Technology Education ($3.0m) and Polk Education Foundation and Business Partnership Inc ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.2% and program service revenue 98% of the total. At year end it held assets of $3.3m against liabilities of $2.4m, net assets of $882k.