Maurice Barnett Geriatric Wellness Center Inc

Analysis

Maurice Barnett Geriatric Wellness Center Inc is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in January 1983, 43 years ago. 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 December 2023, Maurice Barnett Geriatric Wellness Center Inc reported income of $1.1m and spending of $778k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $392k to $1.1m (+181%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 98%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Maurice Barnett Geriatric Wellness Center Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Electrical and Computer Engineering Department Heads Association ($1.1m), Habitat for Humanity International Inc ($1.1m) and Prescott House ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $88k (11% of expenses). Other salaries and wages came to $273k. At year end it held assets of $714k against liabilities of $2,906, net assets of $711k. It reported 5 employees.