Is Marys Place Boarding House Inc Legit?

Quick charity verification for Marys Place Boarding House Inc (EIN: 203398037)

Verdict: Marys Place Boarding House Inc appears trustworthy

75/100Mission Score

$107KRevenue

$2.1MAssets

4Red Flags

4Strengths

Red Flags

Highly volatile revenue, with a massive spike in 2022 ($2,247,827) followed by a sharp decline in 2023 ($150,031), making financial trends difficult to assess.
Significant asset growth from $178,204 in 2021 to $2,355,559 in 2022 that is not clearly explained by reported revenue figures for those periods.
Consistent reporting of 0% officer compensation for an organization with over $2 million in assets and significant expenses, which is unusual and warrants further scrutiny into how leadership is compensated or supported.
Recurring annual deficits where expenses exceed revenue in multiple years (e.g., 2023, 2020, 2019, 2014), indicating potential reliance on reserves or non-operating income.

Strengths

Strong asset base, reaching $2,297,307 in 2023, providing financial stability and capacity.
Consistent reporting of 0% officer compensation, indicating a commitment to minimizing executive pay and potentially maximizing resources for programs.
Long filing history (13 filings), suggesting established operations and compliance with IRS reporting requirements.
Clear NTEE code (L40 - Housing, Shelter) indicating a focused mission.

Spending Breakdown

How Marys Place Boarding House Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Marys Place Boarding House Inc

Is Marys Place Boarding House Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Marys Place Boarding House Inc (EIN: 203398037) appears trustworthy. Mission Score: 75/100. 4 red flags identified, 4 strengths noted.

Is Marys Place Boarding House Inc a good charity to donate to?

Marys Place Boarding House Inc has a Mission Score of 75/100. Revenue: $107K. Assets: $2.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Marys Place Boarding House Inc?

The Employer Identification Number (EIN) for Marys Place Boarding House Inc is 203398037. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Marys Place Boarding House Inc spend its money?

Marys Place Boarding House Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Marys Place Boarding House Inc's tax-exempt status?

You can verify Marys Place Boarding House Inc's tax-exempt status using EIN 203398037 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Marys Place Boarding House Inc exhibits a mixed financial picture. While the organization's assets have grown significantly, reaching $2,297,307 in 2023, there's considerable volatility in its annual revenue and expenses. For instance, 2022 saw an unusually high revenue of $2,247,827, which then dropped to $150,031 in 2023, while expenses increased to $210,512, leading to a deficit. This suggests reliance on potentially large, infrequent contributions or grants. The consistent reporting of 0% officer compensation across all available filings indicates good transparency regarding executive pay and a commitment to minimizing administrative overhead in this area.

The organization's spending efficiency is difficult to fully ascertain without a detailed breakdown of program, administrative, and fundraising expenses within the provided data. However, the consistent deficits in several years (e.g., 2023, 2020, 2019) where expenses exceeded revenue, alongside the significant asset growth, suggests that the organization may be drawing on reserves or receiving substantial non-operating income not fully reflected in the 'Revenue' figures provided for those specific periods. The substantial increase in assets from $178,204 in 2021 to $2,355,559 in 2022, despite relatively stable revenues in those years (excluding the 2022 anomaly), warrants further investigation into the source of this asset growth.

Overall, the organization appears to be transparent regarding executive compensation, but the dramatic fluctuations in revenue and expenses, coupled with significant asset growth that doesn't always align with reported annual revenue, suggest a need for deeper analysis into its financial operations and funding sources to fully assess its long-term financial health and spending efficiency. The NTEE code L40 (Housing, Shelter) indicates a clear program focus.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.