Marc Endowment Inc

Analysis

Marc Endowment Inc is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Marc Endowment Inc reported income of $336k and spending of $97k, leaving 71% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $148k to $336k (+126%), an average of +23% a year. The sharpest change came in the year to June 2023, when income rose by 477%. Over the whole period it spent 35% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Marc Endowment Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Rural Communities Resource Center ($335k), McDougal International ($336k) and Alliance Community and Employment Services Inc ($335k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $2.9m against liabilities of $17k, net assets of $2.8m.