Marous Family Charities

Analysis

Marous Family Charities is a registered charity in United States, based in Willoughby, OH. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Marous Family Charities reported income of $71k and spending of $149k, spending 209% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $221k to $71k (-68%), an average of -43% a year. The sharpest change came in the year to December 2023, when income dropped by 71%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Marous Family Charities sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 28th percentile within OH. Charities of a similar size with the same main cause include Point Venture Lions Club Foundation ($71k), Saint Anthony Family Association ($71k) and RC Memorial Foundation Inc ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,794 against liabilities of $0, net assets of $1,794.