Mulberry Place Inc

Analysis

Mulberry Place Inc is a registered charity in United States, based in Jacksonville, AR. It received its IRS tax-exemption ruling in October 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mulberry Place Inc reported income of $78k and spending of $102k, spending 131% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $75k to $78k (+3.8%), an average of +1.9% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 141% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mulberry Place Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 29th percentile within AR. Charities of a similar size with the same main cause include Pan de Vida Foundation ($78k), Madison Eagle Christmas Fund ($78k) and Americanization League of Syracuse and Onondaga County Inc ($78k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. Other salaries and wages came to $17k. At year end it held assets of $341k against liabilities of $167k, net assets of $174k.

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.