Marymount Education Foundation

Analysis

Marymount Education Foundation is a registered charity in United States, based in RLLNG HLS Est, CA. It received its IRS tax-exemption ruling in November 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, Marymount Education Foundation reported income of $1.4m and spending of $467k, leaving 66% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $150k to $1.4m (+820%), an average of +820% a year. The sharpest change came in the year to December 2023, when income rose by 820%. Over the whole period it spent 33% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Marymount Education Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Cambridge Prep Academy Incorporated ($1.4m), Arts Academy of New Hampshire ($1.4m) and Ironstone Total Business Support ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $189k (41% of expenses). At year end it held assets of $1.0m against liabilities of $3,347, net assets of $1.0m. It reported 1 employees.