Marion Independent School Foundation and Alumni Association

Analysis

Marion Independent School Foundation and Alumni Association is a registered charity in United States, based in Marion, IA. It received its IRS tax-exemption ruling in August 1993, 33 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 December 2023, Marion Independent School Foundation and Alumni Association reported income of $4.7m and spending of $524k, leaving 89% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $506k to $4.7m (+827%), an average of +74% a year. The sharpest change came in the year to December 2023, when income rose by 2331%. Over the whole period it spent 28% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Marion Independent School Foundation and Alumni Association 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 IA. Charities of a similar size with the same main cause include Berhe Group Home Inc ($4.7m), Institute for Freedoms Inc ($4.7m) and Sweetwater County Child Development Center Inc ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $63k. At year end it held assets of $5.9m against liabilities of $0, net assets of $5.9m. It reported 3 employees.