Facilities and Marine Engineering Foundation

Analysis

Facilities and Marine Engineering Foundation is a registered charity in United States, based in Buzzards Bay, MA. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Facilities and Marine Engineering Foundation reported income of $61k and spending of $43k, leaving 29% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income fell from $61k to $61k (-0.7%), an average of -0.7% a year. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Facilities and Marine Engineering Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 32nd percentile within MA. Charities of a similar size with the same main cause include Casey Schulman Foundation ($61k), Earlywine Little Learners Preschool Corp ($61k) and Albany Fund for Education Inc ($61k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 16% and program service revenue 82% of the total. At year end it held assets of $450k against liabilities of $0, net assets of $450k.