Mariner Sands Foundation Inc

Analysis

Mariner Sands Foundation Inc is a registered charity in United States, based in Stuart, FL. It received its IRS tax-exemption ruling in May 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, Mariner Sands Foundation Inc reported income of $111k and spending of $110k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $58k to $111k (+91%), an average of +91% a year. The sharpest change came in the year to December 2023, when income rose by 91%. Over the whole period it spent 121% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mariner Sands Foundation Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 43rd percentile within FL. Charities of a similar size with the same main cause include Texas Oilmans Bass Charities ($111k), Hundred Club of Dayton ($111k) and David and Enid Rosenberg Family Foundation ($111k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $189k against liabilities of $0, net assets of $189k.