Marannook Inc

Analysis

Marannook Inc is a registered charity in United States, based in Lafayette, AL. It received its IRS tax-exemption ruling in August 1977, 49 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Marannook Inc reported income of $1.1m and spending of $807k, leaving 23% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $380k to $1.1m (+177%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 141%. Over the whole period it spent 78% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Marannook Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within AL. Charities of a similar size with the same main cause include Heritage Hill Corporation ($1.1m), Naval Academy Junior Swim Club Incorporated ($1.1m) and Buhl Farm Trust ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Other salaries and wages came to $347k. At year end it held assets of $3.2m against liabilities of $169k, net assets of $3.0m. It reported 32 employees.