Marine Raider Foundation

Analysis

Marine Raider Foundation is a registered charity in United States, based in Fishers, IN. It received its IRS tax-exemption ruling in November 2011, 15 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Marine Raider Foundation reported income of $1.2m and spending of $1.3m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.2m (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2021, when income rose by 88%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Marine Raider Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within IN. Charities of a similar size with the same main cause include Nebraska Greats Foundation ($1.2m), Hand in Hand of Glynn Inc ($1.2m) and Warren Library Association ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $331k (25% of expenses). At year end it held assets of $1.9m against liabilities of $60k, net assets of $1.8m. It reported 2 employees.