Marygrove Conservancy Support Corporation

Analysis

Marygrove Conservancy Support Corporation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Marygrove Conservancy Support Corporation reported income of $284k and spending of $142k, leaving 50% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $121k to $284k (+136%), an average of +33% a year. The sharpest change came in the year to December 2021, when income rose by 136%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Marygrove Conservancy Support Corporation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MI. Charities of a similar size with the same main cause include Ipc Education Foundation ($284k), Darul-Uloom Islamic Center ($284k) and Libraries of Foster Inc ($284k).

At year end it held assets of $16.4m against liabilities of $14.2m, net assets of $2.2m.