Marin Academy

Analysis

Marin Academy is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in August 1946, 80 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Marin Academy reported income of $34.3m and spending of $32.1m, spending 93% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $27.7m to $34.3m (+24%), an average of +5.5% a year. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Marin Academy sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Proctor Academy ($34.3m), Bluffton University ($34.3m) and Houghton University ($34.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 14% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $1.3m (4.2% of expenses). Other salaries and wages came to $13.2m. At year end it held assets of $120.4m against liabilities of $50.2m, net assets of $70.2m. It reported 168 employees.