Marconi Society Inc
Marconi Society Inc maintains strong assets despite fluctuating revenues and consistent operational deficits in recent years.
EIN: 133959217 · Chicago, IL · NTEE: B80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $975K |
| Total Expenses | $1.1M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.1M |
| Transparency Score | 85/100 |
Is Marconi Society Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Marconi Society Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Marconi Society Inc
Marconi Society Inc (EIN: 133959217) is a nonprofit organization based in Chicago, IL, classified under NTEE code B80. The organization reported total revenue of $975K and total assets of $766K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Marconi Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Marconi Society Inc is a small nonprofit that has been operating for 1 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-61,263 |
| Total Assets | $1.3M |
| Total Liabilities | $168K |
| Net Assets | $1.1M |
| Operating Margin | -6.0% |
| Debt-to-Asset Ratio | 12.8% |
| Months of Reserves | 14.5 months |
Financial Health Grade: B
In 2023, Marconi Society Inc reported a deficit of $61K with expenses exceeding revenue, holds 14.5 months of operating reserves (strong position), has a debt-to-asset ratio of 12.8% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Marconi Society Inc's revenue has grown at a compound annual growth rate (CAGR) of 18.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.4% | +13.7% | -2.8% |
| 2022 | +72.4% | +90.2% | +9.8% |
| 2021 | +109.3% | +21.7% | +31.0% |
| 2020 | -37.7% | -43.0% | -35.6% |
| 2019 | +116.3% | +53.0% | -35.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2025 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Marconi Society Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Marconi Society Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $61K, with expenses exceeding revenue.
- Debt-to-asset ratio: 12.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is highly favorable for a nonprofit of its size with over $1 million in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Marconi Society Inc's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., $61,263 in 2023, $220,211 in 2019, $98,846 in 2020)
- Significant fluctuations in annual revenue, making financial planning potentially challenging
Strengths
The following positive indicators were identified for Marconi Society Inc:
- 0% officer compensation reported across all filings, indicating high efficiency in executive pay
- Strong and growing asset base ($1,314,509 in 2023) providing financial resilience
- History of maintaining substantial assets even during periods of revenue decline
- Good transparency with consistent IRS 990 filings over many years
Frequently Asked Questions about Marconi Society Inc
Is Marconi Society Inc a legitimate charity?
Marconi Society Inc (EIN: 133959217) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 85/100. It has 11 years of IRS 990 filings on record. Total revenue: $975K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Marconi Society Inc spend its money?
Marconi Society Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Marconi Society Inc tax-deductible?
Marconi Society Inc is registered as a tax-exempt nonprofit (EIN: 133959217). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Marconi Society Inc CEO make?
Marconi Society Inc's highest-compensated officer earns $1 annually. The organization reported $975K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Marconi Society Inc's spending goes to programs?
Marconi Society Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Marconi Society Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Marconi Society Inc is above average for NTEE category B80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Marconi Society Inc located?
Marconi Society Inc is headquartered in Chicago, Illinois and files with the IRS under EIN 133959217. It is classified under NTEE code B80.
How many years of IRS 990 filings does Marconi Society Inc have?
Marconi Society Inc has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $975K in total revenue.
Is Marconi Society Inc financially stable?
While the organization has experienced operational deficits in several recent years (e.g., expenses exceeding revenue by $61,263 in 2023 and $220,211 in 2019), its substantial and growing asset base ($1,314,509 in 2023) provides a strong foundation for financial stability.
How does Marconi Society Inc manage its executive compensation?
The Marconi Society Inc reports 0% officer compensation in all available filings, indicating a strong commitment to directing resources towards its mission rather than executive salaries.
What is the trend in Marconi Society Inc's revenue?
Revenue has fluctuated significantly over the past decade, ranging from a low of -$177,906 in 2013 to a high of $1,132,214 in 2022, demonstrating variability in its funding streams.
Are the assets of Marconi Society Inc growing?
Yes, the organization's assets have shown a positive trend in recent years, increasing from $939,575 in 2020 to $1,314,509 in 2023, indicating financial growth and accumulation of resources.
Filing History
IRS 990 filing history for Marconi Society Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Marconi Society Inc's revenue has grown by 650.6%, moving from $137K to $1.0M. Total assets decreased by 57.4% over the same period, from $3.1M to $1.3M. Total functional expenses rose by 182.5%, from $385K to $1.1M. In its most recent filing year (2023), Marconi Society Inc reported a deficit of $61K, with expenses exceeding revenue. The organization holds $168K in liabilities against $1.3M in assets (debt-to-asset ratio: 12.8%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $1.1M | $1.3M | $168K | — | View 990 |
| 2022 | $1.1M | $955K | $1.4M | $163K | — | View 990 |
| 2021 | $657K | $502K | $1.2M | $207K | — | View 990 |
| 2020 | $314K | $413K | $940K | $38K | — | View 990 |
| 2019 | $504K | $724K | $1.5M | $16K | — | View 990 |
| 2016 | $233K | $473K | $2.3M | $26K | — | View 990 |
| 2015 | $147K | $314K | $2.6M | $23K | — | View 990 |
| 2014 | $73K | $318K | $2.7M | $28K | — | View 990 |
| 2013 | $-177,906 | $419K | $2.5M | $17K | — | View 990 |
| 2012 | $103K | $376K | $2.6M | $36K | — | View 990 |
| 2011 | $137K | $385K | $3.1M | $45K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $1.1M, and assets of $1.3M (revenue -9.4% year-over-year).
- 2022: Revenue of $1.1M, expenses of $955K, and assets of $1.4M (revenue +72.4% year-over-year).
- 2021: Revenue of $657K, expenses of $502K, and assets of $1.2M (revenue +109.3% year-over-year).
- 2020: Revenue of $314K, expenses of $413K, and assets of $940K (revenue -37.7% year-over-year).
- 2019: Revenue of $504K, expenses of $724K, and assets of $1.5M (revenue +116.3% year-over-year).
- 2016: Revenue of $233K, expenses of $473K, and assets of $2.3M (revenue +58.3% year-over-year).
- 2015: Revenue of $147K, expenses of $314K, and assets of $2.6M (revenue +100.1% year-over-year).
- 2014: Revenue of $73K, expenses of $318K, and assets of $2.7M.
- 2013: Revenue of $-177,906, expenses of $419K, and assets of $2.5M (revenue -272.5% year-over-year).
- 2012: Revenue of $103K, expenses of $376K, and assets of $2.6M (revenue -24.5% year-over-year).
- 2011: Revenue of $137K, expenses of $385K, and assets of $3.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Marconi Society Inc:
Data Sources and Methodology
This transparency report for Marconi Society Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.