Marys Place Seattle
EIN: 272087950 · Seattle, WA · NTEE: P85
| Metric | Value |
|---|---|
| Total Revenue | $60.1M |
| Total Expenses | $34.6M |
| Net Assets | $51.5M |
Is Marys Place Seattle Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Marys Place Seattle
Marys Place Seattle (EIN: 272087950) is a nonprofit organization based in Seattle, WA, classified under NTEE code P85. The organization reported total revenue of $60.1M and total assets of $48.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Marys Place Seattle's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Marys Place Seattle is a major nonprofit that has been operating for 14 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 29.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $28.9M |
| Total Expenses | $34.6M |
| Surplus / Deficit | $-5,753,306 |
| Total Assets | $53.5M |
| Total Liabilities | $2.0M |
| Net Assets | $51.5M |
| Operating Margin | -19.9% |
| Debt-to-Asset Ratio | 3.7% |
| Months of Reserves | 18.5 months |
Financial Health Grade: B
In 2023, Marys Place Seattle reported a deficit of $5.8M with expenses exceeding revenue, holds 18.5 months of operating reserves (strong position), has a debt-to-asset ratio of 3.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Marys Place Seattle's revenue has grown at a compound annual growth rate (CAGR) of 29.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.3% | +41.3% | -16.0% |
| 2022 | -18.1% | +25.5% | +-0.0% |
| 2021 | -1.2% | -4.4% | +23.1% |
| 2020 | +48.5% | +20.4% | +212.9% |
| 2019 | +191.7% | +113.1% | +25.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Marys Place Seattle has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Marys Place Seattle with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.7%.
Frequently Asked Questions about Marys Place Seattle
Is Marys Place Seattle a legitimate charity?
Marys Place Seattle (EIN: 272087950) is a registered tax-exempt nonprofit based in Washington. It has 13 years of IRS 990 filings on record. Total revenue: $60.1M. No red flags identified. Financial health grade: B.
How does Marys Place Seattle spend its money?
Marys Place Seattle reported $60.1M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Marys Place Seattle tax-deductible?
Marys Place Seattle is registered as a tax-exempt nonprofit (EIN: 272087950). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Marys Place Seattle located?
Marys Place Seattle is headquartered in Seattle, Washington and files with the IRS under EIN 272087950. It is classified under NTEE code P85.
How many years of IRS 990 filings does Marys Place Seattle have?
Marys Place Seattle 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 $60.1M in total revenue.
Filing History
IRS 990 filing history for Marys Place Seattle showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Marys Place Seattle's revenue has grown by 2039.4%, moving from $1.3M to $28.9M. Total assets increased by 13858.7% over the same period, from $383K to $53.5M. Total functional expenses rose by 2651.4%, from $1.3M to $34.6M. In its most recent filing year (2023), Marys Place Seattle reported a deficit of $5.8M, with expenses exceeding revenue. The organization holds $2.0M in liabilities against $53.5M in assets (debt-to-asset ratio: 3.7%), resulting in net assets of $51.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $28.9M | $34.6M | $53.5M | $2.0M | — | — |
| 2022 | $27.2M | $24.5M | $63.7M | $3.2M | — | View 990 |
| 2021 | $33.2M | $19.5M | $63.7M | $2.8M | — | — |
| 2020 | $33.6M | $20.4M | $51.8M | $2.1M | — | View 990 |
| 2019 | $22.6M | $17.0M | $16.5M | $3.2M | — | View 990 |
| 2018 | $7.7M | $8.0M | $13.2M | $5.3M | — | View 990 |
| 2017 | $13.4M | $12.6M | $9.3M | $410K | — | View 990 |
| 2016 | $13.5M | $7.8M | $7.8M | $315K | — | View 990 |
| 2015 | $5.4M | $5.2M | $2.2M | $340K | — | View 990 |
| 2014 | $4.2M | $3.6M | $1.4M | $87K | — | View 990 |
| 2013 | $2.3M | $2.2M | $743K | $44K | — | View 990 |
| 2012 | $1.7M | $1.5M | $578K | $44K | — | View 990 |
| 2011 | $1.3M | $1.3M | $383K | $116K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $28.9M, expenses of $34.6M, and assets of $53.5M (revenue +6.3% year-over-year).
- 2022: Revenue of $27.2M, expenses of $24.5M, and assets of $63.7M (revenue -18.1% year-over-year).
- 2021: Revenue of $33.2M, expenses of $19.5M, and assets of $63.7M (revenue -1.2% year-over-year).
- 2020: Revenue of $33.6M, expenses of $20.4M, and assets of $51.8M (revenue +48.5% year-over-year).
- 2019: Revenue of $22.6M, expenses of $17.0M, and assets of $16.5M (revenue +191.7% year-over-year).
- 2018: Revenue of $7.7M, expenses of $8.0M, and assets of $13.2M (revenue -42.1% year-over-year).
- 2017: Revenue of $13.4M, expenses of $12.6M, and assets of $9.3M (revenue -1.1% year-over-year).
- 2016: Revenue of $13.5M, expenses of $7.8M, and assets of $7.8M (revenue +151.1% year-over-year).
- 2015: Revenue of $5.4M, expenses of $5.2M, and assets of $2.2M (revenue +29.1% year-over-year).
- 2014: Revenue of $4.2M, expenses of $3.6M, and assets of $1.4M (revenue +78.0% year-over-year).
- 2013: Revenue of $2.3M, expenses of $2.2M, and assets of $743K (revenue +36.8% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.5M, and assets of $578K (revenue +27.0% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.3M, and assets of $383K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Marys Place Seattle:
Data Sources and Methodology
This transparency report for Marys Place Seattle 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.