The Marfan Foundation Inc

Analysis

The Marfan Foundation Inc is a registered charity in United States, based in PRT Washingtn, NY. It received its IRS tax-exemption ruling in November 1982, 44 years ago. 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 June 2024, The Marfan Foundation Inc reported income of $5.5m and spending of $6.6m, spending 121% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.9m to $5.5m (+41%), an average of +9.0% a year. The sharpest change came in the year to June 2022, when income rose by 100%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Marfan Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include The Council on Alcohol & Drugs Inc ($5.5m), Mercer County Civic Foundation ($5.5m) and Society of St Vincent de Paul Diocesan Council of Dallas Inc ($5.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $832k (13% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $18.1m against liabilities of $1.9m, net assets of $16.3m. It reported 28 employees.