Marine Insurance Seminars Inc

Analysis

Marine Insurance Seminars Inc is a registered charity in United States, based in Weatherford, TX. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 December 2023, Marine Insurance Seminars Inc reported income of $353k and spending of $368k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $377k to $353k (-6.4%), an average of -1.6% a year. The sharpest change came in the year to December 2021, when income rose by 497%. Over the whole period it spent 102% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Marine Insurance Seminars Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Sawtooth Society Inc ($353k), Rancho Santa Fe Garden Club ($354k) and International Landscape Lightning Institute Inc ($352k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $196k against liabilities of $5,045, net assets of $191k.