Marwen Foundation

Analysis

Marwen Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 1996, 30 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Marwen Foundation reported income of $2.3m and spending of $2.7m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.3m (+17%), an average of +4.1% a year. Over the whole period it spent 120% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Marwen Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include American Conference of Governmental Industrial Hygienists Inc ($2.3m), The Tuskegee Airmen National Historical Museum ($2.3m) and Marine Technology Society Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $19.9m against liabilities of $3.9m, net assets of $16.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.