Marin Community Foundation

Analysis

Marin Community Foundation is a registered charity in United States, based in Novato, CA. It received its IRS tax-exemption ruling in January 1986, 40 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 June 2023, Marin Community Foundation reported income of $232.7m and spending of $163.9m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $168.5m to $232.7m (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2021, when income rose by 160%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Marin Community Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Combined Jewish Philanthropies of Greater Boston Inc ($231.1m), Christian Community Foundation Inc ($233.0m) and Endless Success Foundation Inc ($229.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $1.8m (1.1% of expenses). Other salaries and wages came to $7.7m. At year end it held assets of $1.11bn against liabilities of $133.9m, net assets of $973.1m. It reported 73 employees.