Marc Inc

Analysis

Marc Inc is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in May 1993, 33 years ago. 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 June 2023, Marc Inc reported income of $8.8m and spending of $8.6m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $9.6m to $8.8m (-9.3%), an average of -2.4% a year. The sharpest change came in the year to June 2021, when income dropped by 39%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Marc 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 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Okeechobee Council on Aging Inc ($8.7m), Liuna Training and Education Fund ($8.8m) and St Madeleine Sophies Training Center ($8.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $209k (2.4% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $15.1m against liabilities of $919k, net assets of $14.2m. It reported 144 employees.