John Marvin Tower

Analysis

John Marvin Tower is a registered charity in United States, based in Augusta, ME. It received its IRS tax-exemption ruling in February 2004, 22 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 September 2023, John Marvin Tower reported income of $344k and spending of $473k, spending 137% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $346k to $344k (-0.7%), an average of -0.2% a year. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, John Marvin Tower sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 59th percentile within ME. Charities of a similar size with the same main cause include United Church Residences of Ellicott New York Inc ($344k), Union County Housing Associates Inc ($344k) and World Housing Inc ($344k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $77k. At year end it held assets of $2.4m against liabilities of $92k, net assets of $2.3m. It reported 6 employees.

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.