Marvelous Ways International Inc

Analysis

Marvelous Ways International Inc is a registered charity in United States, based in Saint Petersburg, FL. It received its IRS tax-exemption ruling in January 2021, 5 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 June 2023, Marvelous Ways International Inc reported income of $71k and spending of $111k, spending 156% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $107k to $71k (-33%), an average of -33% a year. The sharpest change came in the year to June 2023, when income dropped by 33%. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Marvelous Ways International Inc sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 31st percentile within FL. Charities of a similar size with the same main cause include Korean American Senior Association of Anchorage ($71k), Fuqua Foundation ($71k) and International Center of Hope Charity ($71k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $27k against liabilities of $2,758, net assets of $24k.