Marydell Faith and Life Center Inc

Analysis

Marydell Faith and Life Center Inc is a registered charity in United States, based in Nyack, NY. It received its IRS tax-exemption ruling in April 2020, 6 years ago. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Marydell Faith and Life Center Inc reported income of $418k and spending of $356k, spending 85% of its income. Across the 6 years on record, from August 2018 to August 2023, income grew from $371k to $418k (+13%), an average of +2.4% a year. The sharpest change came in the year to August 2022, when income rose by 82%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Marydell Faith and Life Center Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Aiken Technical College Foundation Inc ($418k), Minnesota Counties Foundation Inc ($418k) and West Des Moines Girls Softball Association ($418k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 48% and program service revenue 42% of the total. Other salaries and wages came to $169k. At year end it held assets of $200k against liabilities of $7,273, net assets of $193k. It reported 15 employees.