Marin Ventures

Analysis

Marin Ventures is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in October 1994, 32 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 June 2023, Marin Ventures reported income of $3.0m and spending of $3.1m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $3.0m (+2.3%), an average of +0.6% a year. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Marin Ventures sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Auburn Day Care Centers Inc ($3.0m), Walton Options for Independent Living Inc ($3.1m) and Green Beret Foundation ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.6% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $179k (5.7% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $5.1m against liabilities of $1.9m, net assets of $3.2m. It reported 55 employees.