Marines Memorial Foundation

Analysis

Marines Memorial Foundation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Marines Memorial Foundation reported income of $523k and spending of $530k, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $956k to $523k (-45%), an average of -18% a year. The sharpest change came in the year to June 2021, when income dropped by 54%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Marines Memorial Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Elizabeth Vann Moore Foundation ($523k), Napa Valley Museum ($523k) and Charles River Museum of Industry and Innovation Inc ($523k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $482k against liabilities of $46k, net assets of $436k.