Margaret Home Inc

Analysis

Margaret Home Inc is a registered charity in United States, based in Fairport, NY. It received its IRS tax-exemption ruling in December 2016, 10 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 December 2023, Margaret Home Inc reported income of $418k and spending of $343k, spending 82% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $229k to $418k (+83%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Margaret Home Inc sits at the 53rd percentile: it is larger than about 53% 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 Lutheran Social Services of Central Ohio North Community Housing Inc ($418k), Villa San Pedro HDC Inc ($418k) and Cicero Housing Dev Fund Co Inc ($418k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Other salaries and wages came to $177k. At year end it held assets of $347k against liabilities of $0, net assets of $347k. It reported 15 employees.