Young Marines of the Marine Corps League

Analysis

Young Marines of the Marine Corps League is a registered charity in United States, based in Dumfries, VA. It received its IRS tax-exemption ruling in June 1981, 45 years ago. 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 September 2023, Young Marines of the Marine Corps League reported income of $4.7m and spending of $5.0m, spending 106% of what it took in. Across the 3 years on record, from September 2021 to September 2023, income fell from $6.6m to $4.7m (-28%), an average of -15% a year. The sharpest change came in the year to September 2023, when income dropped by 33%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Young Marines of the Marine Corps League sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within VA. Charities of a similar size with the same main cause include Arc of the Shoals ($4.7m), Southern Nevada Transit Coalition ($4.7m) and T a G Treatment Action Group Inc ($4.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $388k (7.7% of expenses). Other salaries and wages came to $585k. At year end it held assets of $6.1m against liabilities of $426k, net assets of $5.7m. It reported 14 employees.