Marin Promise Partnership

Analysis

Marin Promise Partnership is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Marin Promise Partnership reported income of $2.8m and spending of $1.9m, leaving 32% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income fell from $3.1m to $2.8m (-8.8%), an average of -4.5% a year. The sharpest change came in the year to June 2022, when income dropped by 30%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Marin Promise Partnership sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Explorer West an Independent Middle School ($2.8m), Friends of the Harvard Crimson Inc ($2.8m) and Advance Illinois NFP ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.3% of the total. Compensation of current officers, directors and key employees was $144k (7.5% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.9m against liabilities of $260k, net assets of $2.6m. It reported 14 employees.