Marthas Home Inc

Analysis

Marthas Home Inc is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in October 1988, 38 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 (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, Marthas Home Inc reported income of $576k and spending of $600k, spending 104% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $399k to $576k (+44%), an average of +7.6% a year. The sharpest change came in the year to December 2019, when income rose by 28%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Marthas Home Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Safe Harbor of Grand Traverse Inc ($576k), Junction City Harrisburg Monroe Habitat for Humanity ($576k) and Upward Bound Senior Villa Inc ($576k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. Other salaries and wages came to $283k. At year end it held assets of $1.1m against liabilities of $25k, net assets of $1.0m. It reported 17 employees.