Marion Military Institute Foundation Inc

Analysis

Marion Military Institute Foundation Inc is a registered charity in United States, based in Marion, AL. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Marion Military Institute Foundation Inc reported income of $1.1m and spending of $2.1m, spending 185% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.0m to $1.1m (+8.6%), an average of +2.1% a year. The sharpest change came in the year to September 2021, when income rose by 546%. Over the whole period it spent 20% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Marion Military Institute Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within AL. Charities of a similar size with the same main cause include Minddrive Incorporated ($1.1m), Chabad Tuition Organization Inc ($1.1m) and Soaring Eagles Center for Autism ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 75% of the total. Other salaries and wages came to $55k. At year end it held assets of $41.0m against liabilities of $276k, net assets of $40.7m.