Marine Toys for Tots Foundation

Analysis

Marine Toys for Tots Foundation is a registered charity in United States, based in Triangle, VA. It received its IRS tax-exemption ruling in April 2006, 20 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 December 2023, Marine Toys for Tots Foundation reported income of $359.2m and spending of $376.5m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $263.3m to $359.2m (+36%), an average of +8.1% a year. The sharpest change came in the year to December 2021, when income rose by 20%. 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, Marine Toys for Tots Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within VA. Charities of a similar size with the same main cause include Tides Foundation ($350.1m), Co-Impact Philanthropic Funds Inc ($360.1m) and Tulsa Community Foundation ($329.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $970k (0.3% of expenses). Other salaries and wages came to $1.7m. It paid $1.3m in professional fundraising fees. At year end it held assets of $215.3m against liabilities of $6.2m, net assets of $209.1m. It reported 25 employees.