Maranatha Manor Inc

Analysis

Maranatha Manor Inc is a registered charity in United States, based in Sebring, FL. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Maranatha Manor Inc reported income of $515k and spending of $603k, spending 117% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $545k to $515k (-5.5%), an average of -1.9% a year. The sharpest change came in the year to December 2022, when income dropped by 19%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Maranatha Manor Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include Agape Acers Inc ($515k), Catawba County Council on Aging Inc ($515k) and Aero Missions Inc ($515k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $60k (9.9% of expenses). Other salaries and wages came to $325k. At year end it held assets of $506k against liabilities of $1,999, net assets of $504k. It reported 24 employees.