Mary Lee Foundation

Analysis

Mary Lee Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in December 1964, 62 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, Mary Lee Foundation reported income of $5.4m and spending of $6.6m, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.5m to $5.4m (-17%), an average of -4.5% a year. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mary Lee Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Brockton Area Arc Inc ($5.4m), Special Operation Care Fund Inc ($5.4m) and Prosperityme ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.4% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $191k (2.9% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $4.1m against liabilities of $1.1m, net assets of $3.0m. It reported 135 employees.