David X Marks Foundation University Affairs

Analysis

David X Marks Foundation University Affairs is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 1966, 60 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, David X Marks Foundation University Affairs reported income of $3.1m and spending of $2.6m, spending 81% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $1.2m to $3.1m (+171%), an average of +28% a year. The sharpest change came in the year to October 2020, when income rose by 61%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, David X Marks Foundation University Affairs sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include College Prep Elementary ($3.1m), San Antonio Preparatory Inc ($3.1m) and The Grove School ($3.1m).

At year end it held assets of $30.8m against liabilities of $826k, net assets of $30.0m.