Marion Street Apartments Inc

Analysis

Marion Street Apartments Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in June 1996, 30 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 (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, Marion Street Apartments Inc reported income of $254k and spending of $288k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $240k to $254k (+5.8%), an average of +1.4% a year. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Marion Street Apartments Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within OR. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($254k), Lutherhaus of Lincolnton Inc ($254k) and SNHS Ashland Elderly Housing Inc ($254k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 35% of the total. At year end it held assets of $910k against liabilities of $90k, net assets of $820k.