The Marina Foundation

Analysis

The Marina Foundation is a registered charity in United States, based in Marina, CA. It received its IRS tax-exemption ruling in November 2009, 17 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, The Marina Foundation reported income of $87k and spending of $94k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $74k to $87k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Marina Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within CA. Charities of a similar size with the same main cause include Tergar Meditation Center of Phoenix ($87k), Colorado County Go Texan Inc ($87k) and American Association of University Women Redlands California Branch ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $184k against liabilities of $0, net assets of $184k.