The Marion Institute Inc

Analysis

The Marion Institute Inc is a registered charity in United States, based in Marion, MA. It received its IRS tax-exemption ruling in January 1994, 32 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 September 2023, The Marion Institute Inc reported income of $1.8m and spending of $1.8m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.6m to $1.8m (+14%), an average of +3.4% a year. The sharpest change came in the year to September 2020, when income rose by 57%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Marion Institute Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Scripps Howard Fund ($1.8m), Marshall County Community ($1.8m) and Ferry Family Charitable Foundation ($1.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 88% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $129k (7.2% of expenses). Other salaries and wages came to $489k. At year end it held assets of $1.7m against liabilities of $516k, net assets of $1.2m. It reported 10 employees.