Marlette Senior Living

Analysis

Marlette Senior Living is a registered charity in United States, based in Marlette, MI. It received its IRS tax-exemption ruling in June 2020, 6 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, Marlette Senior Living reported income of $368k and spending of $1.1m, spending 288% of what it took in. Across the 2 years on record, from June 2023 to December 2023, income fell from $445k to $368k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 272% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Marlette Senior Living sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MI. Charities of a similar size with the same main cause include Cny Affordable Realty Inc ($368k), Calais Baton Rouge Inc ($368k) and Highwood Apartments Inc ($368k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.4% and program service revenue 69% of the total. Other salaries and wages came to $316k. At year end it held assets of $11.1m against liabilities of $12.5m, net assets of -$1.4m. It reported 39 employees.