Mary Lee Charles Place

Analysis

Mary Lee Charles Place is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in May 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 June 2023, Mary Lee Charles Place reported income of $125k and spending of $195k, spending 156% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $144k to $125k (-13%), an average of -3.5% a year. Over the whole period it spent 121% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mary Lee Charles Place 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 43rd percentile, and in the 46th percentile within TX. Charities of a similar size with the same main cause include Tuckers House ($125k), Lower Marshall-Shadeland Development Initiative ($125k) and Casa Esperanza Project ($125k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $46k. At year end it held assets of $532k against liabilities of $1.1m, net assets of -$530k.

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.