Marine Education Initiative Inc

Analysis

Marine Education Initiative Inc is a registered charity in United States, based in Delray Beach, FL. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Education Initiative Inc reported income of $580k and spending of $833k, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $283k to $580k (+105%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 174%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Marine Education Initiative Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include The Optimist Club of Deep River - Northview North Carolina ($580k), World Class Premier Corp ($580k) and Nycrtc ($579k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 108% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $81k (9.7% of expenses). Other salaries and wages came to $129k. At year end it held assets of $945k against liabilities of $401k, net assets of $544k. It reported 2 employees.