Marion County Housing Inc

Analysis

Marion County Housing Inc is a registered charity in United States, based in Lebanon, KY. It received its IRS tax-exemption ruling in May 1991, 35 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 June 2024, Marion County Housing Inc reported income of $155k and spending of $187k, spending 121% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $130k to $155k (+19%), an average of +4.4% a year. The sharpest change came in the year to June 2023, when income rose by 51%. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Marion County Housing Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within KY. Charities of a similar size with the same main cause include Jefferson Park Inc ($155k), Jewish Seniors Assisted Living Support Corporation ($155k) and Harbor Homes III Inc ($155k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $17k. At year end it held assets of $407k against liabilities of $1.2m, net assets of -$826k.

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.