Pacific Marine Foundation Inc

Analysis

Pacific Marine Foundation Inc is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 July 2023, Pacific Marine Foundation Inc reported income of $392k and spending of $309k, leaving 21% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $259k to $392k (+51%), an average of +11% a year. The sharpest change came in the year to July 2023, when income rose by 267%. Over the whole period it spent 81% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Pacific Marine Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within WA. Charities of a similar size with the same main cause include Hogue Ministries Inc ($392k), Gospel Tabernacle Outreach Ministries Inc ($392k) and For Girls Like You Ministries ($392k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $123k (40% of expenses). At year end it held assets of $1.1m against liabilities of $354k, net assets of $739k. It reported 3 employees.