Marshmallow Foundation

Analysis

Marshmallow Foundation is a registered charity in United States, based in Detroit Lakes, MN. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Marshmallow Foundation reported income of $162k and spending of $186k, spending 115% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $232k to $162k (-30%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 26%. Over the whole period it spent 91% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Marshmallow Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within MN. Charities of a similar size with the same main cause include Pet Place International Inc ($162k), Taffys Touch Senior Dog Rescue Inc ($162k) and Bullpen Way Station & Sanctuary Ltd ($162k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 36% of the total. At year end it held assets of $29k against liabilities of $23k, net assets of $5,936.