Marietta Schools Foundation Inc

Analysis

Marietta Schools Foundation Inc is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in July 1985, 41 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 December 2023, Marietta Schools Foundation Inc reported income of $1.6m and spending of $1.5m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $433k to $1.6m (+260%), an average of +38% a year. The sharpest change came in the year to December 2020, when income rose by 97%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Marietta Schools Foundation Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within GA. Charities of a similar size with the same main cause include Tel Foundation ($1.6m), Associated Black Charities Inc ($1.6m) and Girls in the Game NFP ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $67k (4.4% of expenses). Other salaries and wages came to $39k. At year end it held assets of $5.3m against liabilities of $0, net assets of $5.3m. It reported 1 employees.