Cherbonay at Marsalis Independent Living Inc

Analysis

Cherbonay at Marsalis Independent Living Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Cherbonay at Marsalis Independent Living Inc reported income of $90k and spending of $152k, spending 168% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $106k to $90k (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 132% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cherbonay at Marsalis Independent Living Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within TX. Charities of a similar size with the same main cause include Tennessee Foundation for Qualitypatient Healthcare ($90k), Myasthenia Gravis Foundation of Michigan ($90k) and Therapy Partners Inc ($90k).

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 $12k. At year end it held assets of $780k against liabilities of $1.1m, net assets of -$357k.

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.