Marine Corps League Foundation Inc

Analysis

Marine Corps League Foundation Inc is a registered charity in United States, based in Stafford, VA. It received its IRS tax-exemption ruling in May 1990, 36 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 April 2023, Marine Corps League Foundation Inc reported income of $157k and spending of $164k, spending 104% of its income. Across the 4 years on record, from April 2020 to April 2023, income fell from $161k to $157k (-2.3%), an average of -0.8% a year. The sharpest change came in the year to April 2022, when income rose by 87%. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Marine Corps League Foundation Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within VA. Charities of a similar size with the same main cause include Kids Time by the Sea Inc ($157k), Tri-Boro Food Pantry ($157k) and Dos Santos ($157k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 42% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.

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.