Marimed Foundation for Island Health Care Training

Analysis

Marimed Foundation for Island Health Care Training is a registered charity in United States, based in Kaneohe, HI. It received its IRS tax-exemption ruling in December 1984, 42 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Marimed Foundation for Island Health Care Training reported income of $325k and spending of $767k, spending 236% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $325k (-75%), an average of -29% a year. The sharpest change came in the year to June 2021, when income rose by 394%. Over the whole period it spent 69% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Marimed Foundation for Island Health Care Training sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within HI. Charities of a similar size with the same main cause include Mental Health Association in Morgan County ($325k), Product Quality Research Institute Inc ($325k) and Hialeah Community Coalition ($325k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 115% of the total. Compensation of current officers, directors and key employees was $185k (24% of expenses). Other salaries and wages came to $34k. At year end it held assets of $4.5m against liabilities of $133k, net assets of $4.4m. It reported 6 employees.