Marine Military Academy Inc

Analysis

Marine Military Academy Inc is a registered charity in United States, based in Harlingen, TX. It received its IRS tax-exemption ruling in July 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2023, Marine Military Academy Inc reported income of $15.1m and spending of $16.0m, spending 106% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income grew from $14.2m to $15.1m (+6.6%), an average of +2.1% a year. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Marine Military Academy Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include North Yarmouth Academy ($15.1m), Insight School of Oregon Painted Hills ($15.1m) and The Learning Community Charter School Inc ($15.1m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 16% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $405k (2.5% of expenses). Other salaries and wages came to $6.0m. It paid $81k in professional fundraising fees. At year end it held assets of $45.6m against liabilities of $3.1m, net assets of $42.5m. It reported 160 employees.