Marys Place Boarding House Inc
Marys Place Boarding House Inc shows volatile revenue and expenses, with significant asset growth and no reported officer compensation.
EIN: 203398037 · Marshfield, WI · NTEE: L40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $107K |
| Total Expenses | $211K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $2.3M |
| Transparency Score | 75/100 |
Is Marys Place Boarding House Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Marys Place Boarding House Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Marys Place Boarding House Inc
Marys Place Boarding House Inc (EIN: 203398037) is a nonprofit organization based in Marshfield, WI, classified under NTEE code L40. The organization reported total revenue of $107K and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Marys Place Boarding House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Marys Place Boarding House Inc is a small nonprofit that has been operating for 2 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $150K |
| Total Expenses | $211K |
| Surplus / Deficit | $-60,481 |
| Total Assets | $2.3M |
| Total Liabilities | $10K |
| Net Assets | $2.3M |
| Operating Margin | -40.3% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 131.0 months |
Financial Health Grade: B
In 2023, Marys Place Boarding House Inc reported a deficit of $60K with expenses exceeding revenue, holds 131.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Marys Place Boarding House Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -93.3% | +178.0% | -2.5% |
| 2022 | +1588.2% | +3.1% | +1221.8% |
| 2021 | +88.8% | +2.7% | +9.9% |
| 2020 | +5.4% | -9.0% | -5.7% |
| 2019 | -13.6% | +2.1% | -9.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2024 |
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 Marys Place Boarding House Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Marys Place Boarding House Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $60K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees are receiving salaries from the organization, which is highly unusual for an organization with over $2 million in assets and annual expenses exceeding $200,000 in some years.
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 Marys Place Boarding House Inc's IRS 990 filings:
- 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
The following positive indicators were identified for Marys Place Boarding House Inc:
- 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.
Frequently Asked Questions about Marys Place Boarding House Inc
Is Marys Place Boarding House Inc a legitimate charity?
Marys Place Boarding House Inc (EIN: 203398037) is a registered tax-exempt nonprofit based in Wisconsin. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $107K. 4 red flags identified. 4 strengths noted. Financial health grade: B.
How does Marys Place Boarding House Inc spend its money?
Marys Place Boarding House Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Marys Place Boarding House Inc tax-deductible?
Marys Place Boarding House Inc is registered as a tax-exempt nonprofit (EIN: 203398037). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Marys Place Boarding House Inc CEO make?
Marys Place Boarding House Inc's highest-compensated officer earns $2 annually. The organization reported $107K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Marys Place Boarding House Inc's spending goes to programs?
Marys Place Boarding House Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Marys Place Boarding House Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Marys Place Boarding House Inc is above average for NTEE category L40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Marys Place Boarding House Inc located?
Marys Place Boarding House Inc is headquartered in Marshfield, Wisconsin and files with the IRS under EIN 203398037. It is classified under NTEE code L40.
How many years of IRS 990 filings does Marys Place Boarding House Inc have?
Marys Place Boarding House Inc 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 $107K in total revenue.
What caused the significant revenue spike in 2022 to $2,247,827 and the subsequent drop in 2023?
The provided data does not specify the source of this revenue spike. It could be a large one-time grant, a capital campaign, or a significant non-cash contribution, which would impact the interpretation of the organization's recurring financial health.
How does Marys Place Boarding House Inc manage its operations with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that leadership roles may be entirely volunteer-based, or compensation is covered by an affiliated entity, or reported under different expense categories, which would require further investigation into the detailed 990 forms.
What is the nature of the substantial asset growth from $178,204 in 2021 to $2,355,559 in 2022?
This dramatic increase in assets, especially when not fully explained by reported revenue in the same period, suggests a significant capital acquisition, a large non-cash donation of property or investments, or a revaluation of existing assets. This would be a key area for further inquiry.
Is the organization financially sustainable given the recurring deficits in several years?
While the organization has experienced deficits (e.g., $60,481 in 2023, $1,043 in 2020), its substantial asset base of over $2 million suggests it has reserves to cover these shortfalls. However, consistent deficits without a clear plan to increase recurring revenue could pose long-term sustainability challenges.
Filing History
IRS 990 filing history for Marys Place Boarding House Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Marys Place Boarding House Inc's revenue has grown by 39.8%, moving from $107K to $150K. Total assets increased by 855.4% over the same period, from $240K to $2.3M. Total functional expenses rose by 237.1%, from $62K to $211K. In its most recent filing year (2023), Marys Place Boarding House Inc reported a deficit of $60K, with expenses exceeding revenue. The organization holds $10K in liabilities against $2.3M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $150K | $211K | $2.3M | $10K | — | — |
| 2022 | $2.2M | $76K | $2.4M | $8K | — | — |
| 2021 | $133K | $73K | $178K | $3K | — | — |
| 2020 | $71K | $72K | $162K | $46K | — | — |
| 2019 | $67K | $79K | $172K | $55K | — | View 990 |
| 2018 | $77K | $77K | $191K | $63K | — | View 990 |
| 2017 | $79K | $78K | $202K | $75K | — | View 990 |
| 2016 | $69K | $82K | $208K | $82K | — | View 990 |
| 2015 | $64K | $62K | $225K | $85K | — | View 990 |
| 2014 | $52K | $57K | $231K | $93K | — | View 990 |
| 2013 | $75K | $58K | $242K | $99K | — | View 990 |
| 2012 | $72K | $69K | $236K | $110K | — | View 990 |
| 2011 | $107K | $62K | $240K | $117K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $150K, expenses of $211K, and assets of $2.3M (revenue -93.3% year-over-year).
- 2022: Revenue of $2.2M, expenses of $76K, and assets of $2.4M (revenue +1588.2% year-over-year).
- 2021: Revenue of $133K, expenses of $73K, and assets of $178K (revenue +88.8% year-over-year).
- 2020: Revenue of $71K, expenses of $72K, and assets of $162K (revenue +5.4% year-over-year).
- 2019: Revenue of $67K, expenses of $79K, and assets of $172K (revenue -13.6% year-over-year).
- 2018: Revenue of $77K, expenses of $77K, and assets of $191K (revenue -2.3% year-over-year).
- 2017: Revenue of $79K, expenses of $78K, and assets of $202K (revenue +15.6% year-over-year).
- 2016: Revenue of $69K, expenses of $82K, and assets of $208K (revenue +7.4% year-over-year).
- 2015: Revenue of $64K, expenses of $62K, and assets of $225K (revenue +22.9% year-over-year).
- 2014: Revenue of $52K, expenses of $57K, and assets of $231K (revenue -30.9% year-over-year).
- 2013: Revenue of $75K, expenses of $58K, and assets of $242K (revenue +5.0% year-over-year).
- 2012: Revenue of $72K, expenses of $69K, and assets of $236K (revenue -33.3% year-over-year).
- 2011: Revenue of $107K, expenses of $62K, and assets of $240K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Marys Place Boarding House Inc:
Data Sources and Methodology
This transparency report for Marys Place Boarding House Inc 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.