Marine Military Academy Foundation

Analysis

Marine Military Academy Foundation is a registered charity in United States, based in Harlingen, TX. It received its IRS tax-exemption ruling in March 2008, 18 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 December 2023, Marine Military Academy Foundation reported income of $121k and spending of $381k, spending 316% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $138k to $121k (-13%), an average of -3.3% a year. The sharpest change came in the year to December 2020, when income rose by 220%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Marine Military Academy Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within TX. Charities of a similar size with the same main cause include Springfield Puerto Rican Parade ($121k), Financial Womens Association of San Francisco Scholarship Fund Inc ($121k) and Denver Geophysical Society Foundation ($121k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% of the total. At year end it held assets of $5.9m against liabilities of $0, net assets of $5.9m.