Marine Corps Association Foundation

Analysis

Marine Corps Association Foundation is a registered charity in United States, based in Quantico, VA. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Marine Corps Association Foundation reported income of $2.4m and spending of $2.2m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.4m (+49%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Marine Corps Association Foundation sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within VA. Charities of a similar size with the same main cause include Arkansas Repertory Theatre Company ($2.4m), Vashon Allied Arts Inc ($2.4m) and Seacoast Repertory Theatre ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $38k (1.7% of expenses). Other salaries and wages came to $333k. It paid $86k in professional fundraising fees. At year end it held assets of $1.1m against liabilities of $109k, net assets of $971k.