Maris Grove Inc

Analysis

Maris Grove Inc is a registered charity in United States, based in Catonsville, MD. It received its IRS tax-exemption ruling in March 2008, 18 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Maris Grove Inc reported income of $89.4m and spending of $97.5m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $85.0m to $89.4m (+5.1%), an average of +1.3% a year. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Maris Grove Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MD. Charities of a similar size with the same main cause include Texas State Affordable Housing Corporation ($88.1m), Ann S Choice Inc ($90.6m) and Aspire of Western New York Inc ($84.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $642k (0.7% of expenses). Other salaries and wages came to $29.9m. At year end it held assets of $368.7m against liabilities of $438.7m, net assets of -$70.0m. It reported 1,442 employees.

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.