Marygrove Conservancy

Analysis

Marygrove Conservancy is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Marygrove Conservancy reported income of $9.8m and spending of $9.2m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.1m to $9.8m (+62%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 114%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Marygrove Conservancy sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MI. Charities of a similar size with the same main cause include Nashoba Brooks School of Concord ($9.8m), New York Center for Child Development ($9.8m) and University of Southern Indiana Foundation Inc ($9.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $430k (4.7% of expenses). Other salaries and wages came to $363k. At year end it held assets of $111.6m against liabilities of $97.8m, net assets of $13.7m. It reported 3 employees.