Marlins of Raleigh

Analysis

Marlins of Raleigh is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Marlins of Raleigh reported income of $2.2m and spending of $2.3m, spending 104% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.0m to $2.2m (+15%), an average of +3.5% a year. The sharpest change came in the year to August 2021, when income rose by 19%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Marlins of Raleigh sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Northern Virginia Volleyball Association ($2.2m), Wisconsin Youth Soccer Association Inc ($2.2m) and Lnysa Inc ($2.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.3% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $93k (4.0% of expenses). Other salaries and wages came to $637k. At year end it held assets of $881k against liabilities of $324k, net assets of $557k. It reported 50 employees.