Marine Science Foundation

Analysis

Marine Science Foundation is a registered charity in United States, based in Stuart, FL. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover science and technology, 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 Science Foundation reported income of $6.1m and spending of $1.3m, leaving 78% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $439k to $6.1m (+1281%), an average of +140% a year. The sharpest change came in the year to December 2023, when income rose by 239%. Over the whole period it spent 37% 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 Science Foundation sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Judd Foundation ($6.1m), Arizona Theatre Company ($6.1m) and Texas Public Radio ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $444k (33% of expenses). Other salaries and wages came to $407k. At year end it held assets of $7.7m against liabilities of $1.7m, net assets of $6.0m. It reported 6 employees.