Marion Community Foundation

Analysis

Marion Community Foundation is a registered charity in United States, based in Marion, OH. It received its IRS tax-exemption ruling in February 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Marion Community Foundation reported income of $3.1m and spending of $3.0m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.3m to $3.1m (-63%), an average of -22% a year. The sharpest change came in the year to June 2021, when income rose by 233%. Over the whole period it spent 45% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Marion Community Foundation sits at the 90th percentile: it is larger than about 90% 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 Education Success Network Inc ($3.1m), Kiwanis International Foundation Inc ($3.1m) and Investors Philanthropic ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% of the total. Compensation of current officers, directors and key employees was $129k (4.4% of expenses). Other salaries and wages came to $252k. At year end it held assets of $60.2m against liabilities of $5.5m, net assets of $54.7m. It reported 5 employees.