Marlow Guitar International Incorporated

Analysis

Marlow Guitar International Incorporated is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in October 2015, 11 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, Marlow Guitar International Incorporated reported income of $223k and spending of $215k, spending 96% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $167k to $223k (+34%), an average of +34% a year. The sharpest change came in the year to June 2023, when income rose by 34%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Marlow Guitar International Incorporated sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within MD. Charities of a similar size with the same main cause include West Virginia Museum of American Glass Ltd ($223k), Music Coop ($223k) and Community Access Television Inc ($223k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $36k (17% of expenses). Other salaries and wages came to $48k. At year end it held assets of $74k against liabilities of $2,736, net assets of $71k. It reported 4 employees.