Marijuana Policy Project Foundation

Analysis

Marijuana Policy Project Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 2022, Marijuana Policy Project Foundation reported income of $2.4m and spending of $3.1m, spending 128% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $4.1m to $2.4m (-41%), an average of -16% a year. The sharpest change came in the year to December 2022, when income rose by 122%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Marijuana Policy Project Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 69th percentile within DC. Charities of a similar size with the same main cause include Friends of Mvyradio Inc ($2.4m), Andrew Squire Testamentary TR ($2.4m) and Volunteer Service Bureau of Westchester Inc ($2.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $775k (25% of expenses). Other salaries and wages came to $693k. It paid $76k in professional fundraising fees. At year end it held assets of $756k against liabilities of $400k, net assets of $357k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.