Marine Park Alliance Corp

Analysis

Marine Park Alliance Corp is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Park Alliance Corp reported income of $170k and spending of $71k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $19k to $170k (+787%), an average of +73% a year. The sharpest change came in the year to December 2023, when income rose by 145%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Marine Park Alliance Corp sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Florence Thomas Art School Inc ($170k), Parents Engaging Parents ($170k) and Faith Bible College ($170k).

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 $117k against liabilities of $0, net assets of $117k.