Marine Reconnaissance Foundation

Analysis

Marine Reconnaissance Foundation is a registered charity in United States, based in Ewa Beach, HI. It received its IRS tax-exemption ruling in January 2014, 12 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 Reconnaissance Foundation reported income of $627k and spending of $370k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $156k to $627k (+301%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 112%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Marine Reconnaissance Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within HI. Charities of a similar size with the same main cause include Hancock Historical Museum Association ($627k), The Lab SF ($627k) and Dallas Rotary Club Foundation ($627k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $595k against liabilities of $0, net assets of $595k.