Marrakech Incorporated

Analysis

Marrakech Incorporated is a registered charity in United States, based in Woodbridge, CT. It received its IRS tax-exemption ruling in January 1972, 54 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Marrakech Incorporated reported income of $9.0m and spending of $9.0m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $9.7m to $9.0m (-6.3%), an average of -1.6% a year. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Marrakech Incorporated sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within CT. Charities of a similar size with the same main cause include Wiregrass Rehabilitation Center Inc ($9.0m), Mavagi Enterprises Inc ($9.0m) and Goodwill Industries of Acadiana Inc ($9.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.8% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $554k (6.1% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $15.6m against liabilities of $8.1m, net assets of $7.5m. It reported 875 employees.