Marin Homes for Independent Living

Analysis

Marin Homes for Independent Living is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in February 1982, 44 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, Marin Homes for Independent Living reported income of $449k and spending of $476k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $401k to $449k (+12%), an average of +2.9% a year. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Marin Homes for Independent Living sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 66th percentile within CO. Charities of a similar size with the same main cause include Equity Community Development ($449k), Community Services of Nevada CSNV ($449k) and Longmont Housing Development Corporation ($448k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 19% of the total. At year end it held assets of $1.4m against liabilities of $1.8m, net assets of -$475k.

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.