Mariners Elementary School Foundation

Analysis

Mariners Elementary School Foundation is a registered charity in United States, based in Newport Beach, CA. It received its IRS tax-exemption ruling in April 1998, 28 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 June 2024, Mariners Elementary School Foundation reported income of $177k and spending of $166k, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $267k to $177k (-34%), an average of -9.7% a year. The sharpest change came in the year to June 2023, when income dropped by 28%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mariners Elementary School Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Wylie High School Band Boosters ($177k), Mississippi Center for Advancement of Prehospital Medicine ($177k) and Ferndale Schools Fine Arts Boosters ($177k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 37% and program service revenue 6.7% of the total. At year end it held assets of $425k against liabilities of $0, net assets of $425k.