Marie Adelaide Center Inc

Analysis

Marie Adelaide Center Inc is a registered charity in United States, based in Atlantic City, NJ. It received its IRS tax-exemption ruling in June 2001, 25 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, Marie Adelaide Center Inc reported income of $185k and spending of $148k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $184k to $185k (+0.6%), an average of +0.1% a year. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Marie Adelaide Center Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 59th percentile within NJ. Charities of a similar size with the same main cause include All Borough Solutions Inc ($185k), Prosperity Way Inc ($185k) and Cherry Community Organization Inc ($185k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $66k (45% of expenses). Other salaries and wages came to $36k. At year end it held assets of $444k against liabilities of $1,791, net assets of $442k. It reported 3 employees.