Mabel Swan II

Analysis

Mabel Swan II is a registered charity in United States, based in Yakima, WA. It received its IRS tax-exemption ruling in April 1997, 29 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 September 2024, Mabel Swan II reported income of $242k and spending of $356k, spending 147% of what it took in. Across the 6 years on record, from September 2019 to September 2024, income grew from $222k to $242k (+9.0%), an average of +1.7% a year. Over the whole period it spent 138% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mabel Swan II sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within WA. Charities of a similar size with the same main cause include Marshall Place Apartments Inc ($242k), New Castle Housing Corporation ($242k) and Reach Apartments Inc ($242k).

On its Form 990 for the period ending September 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $52k. At year end it held assets of $1.4m against liabilities of $3.6m, net assets of -$2.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.