Young Marines National Foundation

Analysis

Young Marines National Foundation is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in July 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, Young Marines National Foundation reported income of $93k and spending of $386k, spending 414% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $972k to $93k (-90%), an average of -44% a year. The sharpest change came in the year to December 2021, when income rose by 124%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Young Marines National Foundation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 38th percentile within FL. Charities of a similar size with the same main cause include Little League Baseball Inc ($93k), Georgia Extension 4-H Foundation ($93k) and St John Benevolent Fund ($93k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $30k (7.8% of expenses). It paid $134k in professional fundraising fees. At year end it held assets of $4.1m against liabilities of $39k, net assets of $4.0m.