Marine Corps University Foundation Inc

Analysis

Marine Corps University Foundation Inc is a registered charity in United States, based in Quantico, VA. It received its IRS tax-exemption ruling in October 1980, 46 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 Corps University Foundation Inc reported income of $961k and spending of $1.4m, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $961k (-27%), an average of -7.7% a year. The sharpest change came in the year to December 2021, when income rose by 467%. Over the whole period it spent 145% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Marine Corps University Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include Neurodiversity Education Research Center ($961k), Help Up Works Inc ($961k) and Atlantic Cape Community College ($961k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. Compensation of current officers, directors and key employees was $265k (19% of expenses). Other salaries and wages came to $322k. At year end it held assets of $9.6m against liabilities of $250k, net assets of $9.3m. It reported 7 employees.