Marbridge Foundation Inc

Analysis

Marbridge Foundation Inc is a registered charity in United States, based in Manchaca, TX. It received its IRS tax-exemption ruling in June 1955, 71 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Marbridge Foundation Inc reported income of $17.1m and spending of $19.8m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.3m to $17.1m (+5.0%), an average of +1.2% a year. The sharpest change came in the year to June 2023, when income dropped by 24%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Marbridge Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Peninsula Jewish Community Center ($17.1m), Lutheran Social Services of Northern California ($17.2m) and Young Mens Christian Association of Eastern Union County ($17.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $698k (3.5% of expenses). Other salaries and wages came to $10.5m. At year end it held assets of $31.3m against liabilities of $2.3m, net assets of $29.1m. It reported 464 employees.