Marc Group Homes Inc

Analysis

Marc Group Homes Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in November 1986, 40 years ago. 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 September 2023, Marc Group Homes Inc reported income of $415k and spending of $116k, leaving 72% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $131k to $415k (+216%), an average of +216% a year. The sharpest change came in the year to September 2023, when income rose by 216%. Over the whole period it spent 49% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Marc Group Homes 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 67th percentile, and in the 70th percentile within AL. Charities of a similar size with the same main cause include Chatham County Literacy Council Inc ($415k), Bioenergy Fields Foundation ($415k) and Echo National Jewish Institute for Health ($415k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. At year end it held assets of $302k against liabilities of $181k, net assets of $121k.