Marfa Education Foundation Inc

Analysis

Marfa Education Foundation Inc is a registered charity in United States, based in Marfa, TX. It received its IRS tax-exemption ruling in March 2011, 15 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 August 2023, Marfa Education Foundation Inc reported income of $143k and spending of $264k, spending 185% of what it took in. Across the 3 years on record, from August 2021 to August 2023, income fell from $251k to $143k (-43%), an average of -24% a year. The sharpest change came in the year to August 2023, when income dropped by 46%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Marfa Education Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within TX. Charities of a similar size with the same main cause include Start Reading Now ($143k), Jackson Township High School Scholarship Fund Inc ($143k) and Michael Glynn Memorial Coalition ($143k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $13k (5.0% of expenses). At year end it held assets of $130k against liabilities of $0, net assets of $130k.