Marconi Foundation for Kids

Analysis

Marconi Foundation for Kids is a registered charity in United States, based in Tustin, CA. It received its IRS tax-exemption ruling in October 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Marconi Foundation for Kids reported income of $888k and spending of $663k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $821k to $888k (+8.2%), an average of +2.0% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Marconi Foundation for Kids sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Agape Global ($888k), National Family Legacy Inc ($888k) and Ketchikan Wellness Coalition ($888k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $240k (36% of expenses). Other salaries and wages came to $50k. At year end it held assets of $11.5m against liabilities of $110k, net assets of $11.4m. It reported 11 employees.