Marysville Housing III Inc

Analysis

Marysville Housing III Inc is a registered charity in United States, based in Marysville, OH. It received its IRS tax-exemption ruling in July 2002, 24 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, Marysville Housing III Inc reported income of $130k and spending of $164k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $122k to $130k (+6.3%), an average of +1.5% a year. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Marysville Housing III Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within OH. Charities of a similar size with the same main cause include Ocof Nonprofit Housing Corporation ($130k), Spf-Ster-Iv ($130k) and Abundant Life Corp Inc ($130k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $1.1m against liabilities of $1.6m, net assets of -$503k.

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.