Marine Credit Union Foundation Inc

Analysis

Marine Credit Union Foundation Inc is a registered charity in United States, based in LA Crosse, WI. It received its IRS tax-exemption ruling in April 2013, 13 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 Credit Union Foundation Inc reported income of $375k and spending of $571k, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $465k to $375k (-19%), an average of -5.3% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Marine Credit Union Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within WI. Charities of a similar size with the same main cause include Isabella & Ferdinand Academia de Espanol ($375k), Sharon School of Excellence Inc ($375k) and Peacemaker Minnesota ($375k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 108% of the total. Compensation of current officers, directors and key employees was $109k (19% of expenses). Other salaries and wages came to $125k. At year end it held assets of $1.3m against liabilities of $76k, net assets of $1.3m.