Mariner Foundation

Analysis

Mariner Foundation is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in October 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mariner Foundation reported income of $4.1m and spending of $2.1m, leaving 49% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $162k to $4.1m (+2438%), an average of +194% a year. The sharpest change came in the year to June 2021, when income rose by 598%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mariner Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include National Center for ($4.1m), The Odyssey School Incorporated ($4.1m) and Ontech Charter High School ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 50% of the total. At year end it held assets of $23.9m against liabilities of $24.2m, net assets of -$294k.