Maggies Place Inc

Analysis

Maggies Place Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in January 2001, 25 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, Maggies Place Inc reported income of $4.7m and spending of $4.0m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $4.7m (+71%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 87%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Maggies Place Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within AZ. Charities of a similar size with the same main cause include North Kitsap Fishline ($4.7m), 3 Way Thrift Store Inc ($4.7m) and Aroostook Area Agency on Aging Inc ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $256k (6.4% of expenses). Other salaries and wages came to $1.7m. It paid $95k in professional fundraising fees. At year end it held assets of $6.1m against liabilities of $383k, net assets of $5.8m. It reported 96 employees.