Marine Corps-Law Enforcement Foundation Inc

Analysis

Marine Corps-Law Enforcement Foundation Inc is a registered charity in United States, based in Tuckahoe, NY. It received its IRS tax-exemption ruling in July 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 December 2023, Marine Corps-Law Enforcement Foundation Inc reported income of $6.0m and spending of $2.8m, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.2m to $6.0m (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2021, when income rose by 161%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Marine Corps-Law Enforcement Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Center for Excellence in Highereducation Inc ($6.0m), Vanguard College Preparatory School ($6.0m) and Village Charter Academy ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% of the total. Other salaries and wages came to $106k. At year end it held assets of $26.9m against liabilities of $2.8m, net assets of $24.1m. It reported 1 employees.