Marietta Community Foundation Inc

Analysis

Marietta Community Foundation Inc is a registered charity in United States, based in Marietta, OH. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Community Foundation Inc reported income of $5.9m and spending of $3.7m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.7m to $5.9m (+57%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 51% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Marietta Community Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include Nicholas Center Ltd ($5.9m), SHRM Foundation Inc ($5.9m) and Della Lamb Community Services ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. Compensation of current officers, directors and key employees was $117k (3.2% of expenses). At year end it held assets of $52.9m against liabilities of $9.4m, net assets of $43.5m. It reported 4 employees.