General Douglas Macarthur Foundation

Analysis

General Douglas Macarthur Foundation is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in August 1964, 62 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 (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 2023, General Douglas Macarthur Foundation reported income of $423k and spending of $325k, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $175k to $423k (+141%), an average of +25% a year. The sharpest change came in the year to June 2020, when income rose by 97%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, General Douglas Macarthur Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within VA. Charities of a similar size with the same main cause include Francis Wilson Playhouse Inc ($423k), Sacred Heart Cultural Center Inc ($423k) and Guild of American Luthiers ($423k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $30k (9.1% of expenses). Other salaries and wages came to $15k. At year end it held assets of $11.0m against liabilities of $58k, net assets of $10.9m. It reported 10 employees.