Newport Beach 1st Battalion 1st Marines Foundation

Analysis

Newport Beach 1st Battalion 1st Marines Foundation is a registered charity in United States, based in Newport Beach, CA. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Newport Beach 1st Battalion 1st Marines Foundation reported income of $121k and spending of $91k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $121k (+52%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Newport Beach 1st Battalion 1st Marines Foundation sits at the 37th percentile: it is larger than about 37% 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 William a Burnard Warming Center Inc ($121k), Empower All Inc ($121k) and Association of Chinese From Vietnam Cambodia and Laos ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $154k against liabilities of $0, net assets of $154k.