Marys Home Maryland Inc

Analysis

Marys Home Maryland Inc is a registered charity in United States, based in Ellicot City, MD. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Marys Home Maryland Inc reported income of $315k and spending of $283k, spending 90% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $288k to $315k (+9.4%), an average of +3.0% a year. The sharpest change came in the year to December 2022, when income rose by 47%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Marys Home Maryland Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within MD. Charities of a similar size with the same main cause include Bloomington Meals on Wheels Inc ($315k), National Student Exchange Inc ($315k) and Harvest Food Pantry Inc ($315k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $145k. At year end it held assets of $113k against liabilities of $36k, net assets of $77k.