Marilyn McGowan Foundation Inc

Analysis

Marilyn McGowan Foundation Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in December 2020, 6 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, Marilyn McGowan Foundation Inc reported income of $61k and spending of $96k, spending 157% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.6m to $61k (-96%), an average of -96% a year. The sharpest change came in the year to December 2023, when income dropped by 96%. Over the whole period it spent 14% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Marilyn McGowan Foundation Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 28th percentile within FL. Charities of a similar size with the same main cause include Inland Power Community Foundation ($61k), Bakersfield Breakfast Rotary Foundation ($61k) and South Village Community Stewardship Fund ($61k).

Compensation of current officers, directors and key employees was $15k (16% of expenses). At year end it held assets of $1.8m against liabilities of $298k, net assets of $1.5m.