Big Sur Marathon Foundation Inc

Analysis

Big Sur Marathon Foundation Inc is a registered charity in United States, based in Carmel, CA. It received its IRS tax-exemption ruling in March 1991, 35 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 December 2023, Big Sur Marathon Foundation Inc reported income of $4.5m and spending of $3.7m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.1m to $4.5m (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2022, when income rose by 1900%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Big Sur Marathon Foundation Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Mercy Foundation Inc ($4.5m), Hospice of Havasu Inc ($4.5m) and Sunrise Community of Polk County Inc ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $233k (6.3% of expenses). Other salaries and wages came to $59k. At year end it held assets of $5.0m against liabilities of $2.6m, net assets of $2.4m. It reported 4 employees.