Marine Corps Scholarship Foundation Inc

Analysis

Marine Corps Scholarship Foundation Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in April 1995, 31 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 June 2023, Marine Corps Scholarship Foundation Inc reported income of $22.4m and spending of $19.2m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.0m to $22.4m (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2021, when income rose by 62%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Marine Corps Scholarship Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within VA. Charities of a similar size with the same main cause include Stephens College ($22.4m), Williamson College of the Trades ($22.4m) and Fund for Educational Excellence Inc ($22.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $730k (3.8% of expenses). Other salaries and wages came to $2.7m. It paid $467k in professional fundraising fees. At year end it held assets of $161.0m against liabilities of $13.6m, net assets of $147.3m. It reported 41 employees.