Marien Heim Tower
Marien Heim Tower maintains robust asset growth and minimal reported expenses, with no officer compensation.
EIN: 112355029 · Brooklyn, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $258K |
| Program Spending | 90% |
| Net Assets | $37.8M |
| Transparency Score | 85/100 |
Is Marien Heim Tower Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Marien Heim Tower directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Marien Heim Tower
Marien Heim Tower (EIN: 112355029) is a nonprofit organization based in Brooklyn, NY. The organization reported total revenue of $2.7M and total assets of $40.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Marien Heim Tower's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Marien Heim Tower is a mid-size nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $258K |
| Surplus / Deficit | +$2.2M |
| Total Assets | $37.9M |
| Total Liabilities | $113K |
| Net Assets | $37.8M |
| Operating Margin | 89.7% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 1767.4 months |
Financial Health Grade: A
In 2024, Marien Heim Tower reported a surplus of $2.2M with revenue exceeding expenses, holds 1767.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Marien Heim Tower's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +7.3% | -5.2% | +6.4% |
| 2023 | +13.1% | +12.3% | +6.2% |
| 2022 | +5.4% | +10.1% | +5.8% |
| 2021 | +0.2% | +7.0% | +5.8% |
| 2020 | -11.6% | -3.1% | +6.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Marien Heim Tower with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Marien Heim Tower allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a fully volunteer executive leadership or that executive compensation is categorized under other expense lines, which could obscure the true cost of leadership.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Marien Heim Tower's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin vs. fundraising)
- Consistent 0% officer compensation without further explanation, potentially obscuring leadership costs
- Very low expenses relative to revenue, which could indicate limited direct program spending or significant revenue retention without clear purpose
Strengths
The following positive indicators were identified for Marien Heim Tower:
- Strong and consistent asset growth, indicating financial stability (e.g., from $22.3M in 2015 to $40.3M currently)
- Very low liabilities relative to assets, demonstrating a healthy balance sheet
- Efficient operations with minimal reported expenses, suggesting careful resource management
Frequently Asked Questions about Marien Heim Tower
Is Marien Heim Tower a legitimate charity?
Marien Heim Tower (EIN: 112355029) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.7M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Marien Heim Tower spend its money?
Marien Heim Tower directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Marien Heim Tower tax-deductible?
Marien Heim Tower is registered as a tax-exempt nonprofit (EIN: 112355029). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Marien Heim Tower's spending goes to programs?
Marien Heim Tower directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Marien Heim Tower located?
Marien Heim Tower is headquartered in Brooklyn, New York and files with the IRS under EIN 112355029.
How many years of IRS 990 filings does Marien Heim Tower have?
Marien Heim Tower has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.7M in total revenue.
What are the specific program activities funded by Marien Heim Tower?
The provided data does not detail specific program activities. The very low expense figures relative to revenue suggest that a significant portion of revenue is either retained or used for purposes not categorized as typical operating expenses, such as capital improvements or endowment growth, rather than direct program delivery.
How does Marien Heim Tower manage to operate with such low reported expenses?
The consistently low reported expenses, such as $257,671 against $2,505,613 in revenue for 202403, indicate a highly lean operational model or that a substantial portion of its revenue is not immediately spent on operational costs but rather contributes to its significant asset growth.
Why is officer compensation consistently reported as 0%?
A consistent 0% officer compensation could mean that the organization's leadership is entirely volunteer-based, or that any compensation for officers is reported under different expense categories, which would reduce transparency regarding executive pay.
What is the purpose of the significant asset accumulation by Marien Heim Tower?
Marien Heim Tower has shown substantial asset growth, from $22,368,943 in 201503 to $40,328,526 currently. This accumulation, coupled with low expenses, suggests a focus on long-term financial stability, capital projects, or endowment building, rather than immediate high-volume program spending.
Filing History
IRS 990 filing history for Marien Heim Tower showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Marien Heim Tower's revenue has grown by 42%, moving from $1.8M to $2.5M. Total assets increased by 1264.4% over the same period, from $2.8M to $37.9M. Total functional expenses fell by 82.9%, from $1.5M to $258K. In its most recent filing year (2024), Marien Heim Tower reported a surplus of $2.2M, with revenue exceeding expenses. The organization holds $113K in liabilities against $37.9M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $37.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.5M | $258K | $37.9M | $113K | — | View 990 |
| 2023 | $2.3M | $272K | $35.7M | $111K | — | — |
| 2022 | $2.1M | $242K | $33.6M | $89K | — | View 990 |
| 2021 | $2.0M | $220K | $31.8M | $77K | — | View 990 |
| 2020 | $2.0M | $206K | $30.0M | $72K | — | View 990 |
| 2019 | $2.2M | $212K | $28.3M | $73K | — | View 990 |
| 2018 | $1.4M | $201K | $26.3M | $65K | — | View 990 |
| 2017 | $1.8M | $265K | $25.0M | $64K | — | View 990 |
| 2016 | $1.4M | $183K | $23.5M | $54K | — | View 990 |
| 2015 | $22.4M | $1.2M | $22.4M | $165K | — | View 990 |
| 2014 | $1.8M | $1.5M | $2.6M | $1.6M | — | View 990 |
| 2013 | $1.8M | $1.6M | $2.7M | $2.1M | — | View 990 |
| 2012 | $1.8M | $1.5M | $2.8M | $2.4M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.5M, expenses of $258K, and assets of $37.9M (revenue +7.3% year-over-year).
- 2023: Revenue of $2.3M, expenses of $272K, and assets of $35.7M (revenue +13.1% year-over-year).
- 2022: Revenue of $2.1M, expenses of $242K, and assets of $33.6M (revenue +5.4% year-over-year).
- 2021: Revenue of $2.0M, expenses of $220K, and assets of $31.8M (revenue +0.2% year-over-year).
- 2020: Revenue of $2.0M, expenses of $206K, and assets of $30.0M (revenue -11.6% year-over-year).
- 2019: Revenue of $2.2M, expenses of $212K, and assets of $28.3M (revenue +54.0% year-over-year).
- 2018: Revenue of $1.4M, expenses of $201K, and assets of $26.3M (revenue -18.7% year-over-year).
- 2017: Revenue of $1.8M, expenses of $265K, and assets of $25.0M (revenue +23.6% year-over-year).
- 2016: Revenue of $1.4M, expenses of $183K, and assets of $23.5M (revenue -93.6% year-over-year).
- 2015: Revenue of $22.4M, expenses of $1.2M, and assets of $22.4M (revenue +1120.8% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.5M, and assets of $2.6M (revenue +0.0% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.6M, and assets of $2.7M (revenue +3.9% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.5M, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Marien Heim Tower:
Data Sources and Methodology
This transparency report for Marien Heim Tower is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.