Marca Industries Incorporated

Analysis

Marca Industries Incorporated is a registered charity in United States, based in Marion, OH. It received its IRS tax-exemption ruling in June 1971, 55 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Marca Industries Incorporated reported income of $3.0m and spending of $3.1m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $3.0m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Marca Industries Incorporated sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Downtown Oakland Association ($3.0m), Mosholu Preservation Corporation ($3.1m) and Trinity Park Conservancy Community Development Corporation ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.5% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $75k (2.4% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $1.4m against liabilities of $973k, net assets of $418k. It reported 159 employees.