Marcum Foundation Inc

Analysis

Marcum Foundation Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in January 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 May 2023, Marcum Foundation Inc reported income of $1.3m and spending of $665k, leaving 48% of income unspent that year. Across the 4 years on record, from May 2020 to May 2023, income grew from $167k to $1.3m (+667%), an average of +97% a year. The sharpest change came in the year to May 2022, when income rose by 488%. Over the whole period it spent 52% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Marcum Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include Founders of Doctors Hospital Inc ($1.3m), United Way of Payne County Inc ($1.3m) and New England Pga Foundation Inc ($1.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $2.0m against liabilities of $222k, net assets of $1.7m.