Marlin Legacy Foundation

Analysis

Marlin Legacy Foundation is a registered charity in United States, based in Port Aransas, TX. It received its IRS tax-exemption ruling in August 2022, 4 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 December 2023, Marlin Legacy Foundation reported income of $314k and spending of $322k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $176k to $314k (+78%), an average of +78% a year. The sharpest change came in the year to December 2023, when income rose by 78%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Marlin Legacy Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Future Legends ($314k), Mira Mesa Instrumental Music Boosters Corporation ($314k) and Toledo Christian Schools Foundation ($313k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $25k against liabilities of $6,000, net assets of $19k.