Marys Woods at Marylhurst Inc

Analysis

Marys Woods at Marylhurst Inc is a registered charity in United States, based in Lake Oswego, OR. It received its IRS tax-exemption ruling in May 1998, 28 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 June 2023, Marys Woods at Marylhurst Inc reported income of $44.7m and spending of $54.1m, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $29.4m to $44.7m (+52%), an average of +11% a year. The sharpest change came in the year to June 2020, when income rose by 26%. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Marys Woods at Marylhurst Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OR. Charities of a similar size with the same main cause include Institute for Intergovernmental Research Inc ($43.8m), Montereau Inc ($44.7m) and St Matthews House Inc ($43.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $1.3m (2.4% of expenses). Other salaries and wages came to $16.3m. At year end it held assets of $319.5m against liabilities of $405.3m, net assets of -$85.8m. It reported 533 employees.

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.