Marin Center for Independent Living

Analysis

Marin Center for Independent Living is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in May 1980, 46 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 June 2023, Marin Center for Independent Living reported income of $2.1m and spending of $2.1m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.5m to $2.1m (-15%), an average of -4.0% a year. The sharpest change came in the year to June 2021, when income rose by 44%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Marin Center for Independent Living sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Foundation for Affordable Housing VI Inc ($2.1m), Rebuilding Together NYC ($2.1m) and Mazaska Owecaso Otipi Financial Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $327k (15% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.9m against liabilities of $79k, net assets of $3.8m. It reported 27 employees.