Friends of the Mariana Trench

Analysis

Friends of the Mariana Trench is a registered charity in United States, based in Saipan, MP. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of the Mariana Trench reported income of $199k and spending of $270k, spending 136% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $335k to $199k (-40%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 71%. Over the whole period it spent 119% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Friends of the Mariana Trench sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 32nd percentile within MP. Charities of a similar size with the same main cause include Fox River Study Group ($199k), Passive House New England Inc ($199k) and Beacon Hill Garden Club ($199k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $43k (16% of expenses). Other salaries and wages came to $85k. At year end it held assets of $199k against liabilities of $7,757, net assets of $192k. It reported 6 employees.