First Marine Division Associationscholarship Fund Inc

Analysis

First Marine Division Associationscholarship Fund Inc is a registered charity in United States, based in Oceanside, CA. It received its IRS tax-exemption ruling in March 2008, 18 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, First Marine Division Associationscholarship Fund Inc reported income of $121k and spending of $53k, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $154k to $121k (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2023, when income rose by 296%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, First Marine Division Associationscholarship Fund Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within CA. Charities of a similar size with the same main cause include Hanan Foundation Inc ($121k), Friends of Chester a Arthur School Education Foundation ($121k) and Kenya Hope and Help Inc ($121k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.8% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.