Marcum Foundation Inc
Marcum Foundation Inc. shows strong financial growth and zero officer compensation.
EIN: 203081932 · Miami, FL · NTEE: T70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $665K |
| Program Spending | 85% |
| Net Assets | $1.7M |
| Transparency Score | 90/100 |
Is Marcum Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Marcum Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Marcum Foundation Inc
Marcum Foundation Inc (EIN: 203081932) is a nonprofit organization based in Miami, FL, classified under NTEE code T70. The organization reported total revenue of $1.6M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Marcum Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Marcum Foundation Inc is a mid-size nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 29.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $665K |
| Surplus / Deficit | +$616K |
| Total Assets | $2.0M |
| Total Liabilities | $222K |
| Net Assets | $1.7M |
| Operating Margin | 48.1% |
| Debt-to-Asset Ratio | 11.4% |
| Months of Reserves | 35.2 months |
Financial Health Grade: A
In 2023, Marcum Foundation Inc reported a surplus of $616K with revenue exceeding expenses, holds 35.2 months of operating reserves (strong position), has a debt-to-asset ratio of 11.4% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Marcum Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 29.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.7% | +11.4% | +73.6% |
| 2022 | +488.4% | +983.1% | +64.7% |
| 2021 | +8.0% | -33.2% | +18.6% |
| 2020 | +2.1% | +238.4% | +31.4% |
| 2019 | +39.7% | -33.5% | +35.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Marcum Foundation Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Marcum Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $616K, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.4%.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for an organization of its growing size and asset base.
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.
Strengths
The following positive indicators were identified for Marcum Foundation Inc:
- Consistent 0% officer compensation across all filings.
- Significant and sustained revenue growth, especially in recent years (e.g., $180,460 in 2021 to $1,281,163 in 2023).
- Strong asset accumulation, growing from $682,327 in 2021 to $1,950,130 in 2023.
- Healthy financial position with assets significantly exceeding liabilities.
- Positive trend of expenses being considerably lower than revenue, allowing for asset growth or future program investment (e.g., 2023 revenue $1,281,163 vs. expenses $665,160).
Frequently Asked Questions about Marcum Foundation Inc
Is Marcum Foundation Inc a legitimate charity?
Marcum Foundation Inc (EIN: 203081932) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 90/100. It has 12 years of IRS 990 filings on record. Total revenue: $1.6M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Marcum Foundation Inc spend its money?
Marcum Foundation Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Marcum Foundation Inc tax-deductible?
Marcum Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203081932). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Marcum Foundation Inc's spending goes to programs?
Marcum Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Marcum Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Marcum Foundation Inc is above average for NTEE category T70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Marcum Foundation Inc located?
Marcum Foundation Inc is headquartered in Miami, Florida and files with the IRS under EIN 203081932. It is classified under NTEE code T70.
How many years of IRS 990 filings does Marcum Foundation Inc have?
Marcum Foundation Inc has 12 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 $1.6M in total revenue.
Is Marcum Foundation Inc. a good charity?
Based on the provided data, Marcum Foundation Inc. appears to be a very good charity. It demonstrates strong financial growth, healthy asset accumulation, and a consistent commitment to zero officer compensation, suggesting a high dedication to its mission.
How has the organization's revenue grown over time?
The organization has experienced significant revenue growth, particularly in recent years. Revenue increased from $180,460 in 2021 to $1,061,749 in 2022, and further to $1,281,163 in 2023, indicating substantial expansion.
What is the financial stability of Marcum Foundation Inc.?
The foundation exhibits strong financial stability, with assets consistently growing and significantly outweighing liabilities. For example, in 2023, assets were $1,950,130 against liabilities of $221,643, demonstrating a healthy financial position.
Filing History
IRS 990 filing history for Marcum Foundation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Marcum Foundation Inc's revenue has grown by 1622.6%, moving from $74K to $1.3M. Total assets increased by 2061.6% over the same period, from $90K to $2.0M. Total functional expenses rose by 1606.2%, from $39K to $665K. In its most recent filing year (2023), Marcum Foundation Inc reported a surplus of $616K, with revenue exceeding expenses. The organization holds $222K in liabilities against $2.0M in assets (debt-to-asset ratio: 11.4%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $665K | $2.0M | $222K | — | View 990 |
| 2022 | $1.1M | $597K | $1.1M | $11K | — | View 990 |
| 2021 | $180K | $55K | $682K | $35K | — | View 990 |
| 2020 | $167K | $82K | $575K | $53K | — | View 990 |
| 2019 | $164K | $24K | $438K | $0 | — | View 990 |
| 2018 | $117K | $37K | $323K | $0 | — | View 990 |
| 2017 | $292K | $160K | $260K | $0 | — | View 990 |
| 2016 | $211K | $142K | $128K | $0 | — | View 990 |
| 2015 | $36K | $29K | $59K | $0 | — | View 990 |
| 2014 | $40K | $100K | $51K | $0 | — | View 990 |
| 2013 | $50K | $29K | $111K | $0 | — | View 990 |
| 2012 | $74K | $39K | $90K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $665K, and assets of $2.0M (revenue +20.7% year-over-year).
- 2022: Revenue of $1.1M, expenses of $597K, and assets of $1.1M (revenue +488.4% year-over-year).
- 2021: Revenue of $180K, expenses of $55K, and assets of $682K (revenue +8.0% year-over-year).
- 2020: Revenue of $167K, expenses of $82K, and assets of $575K (revenue +2.1% year-over-year).
- 2019: Revenue of $164K, expenses of $24K, and assets of $438K (revenue +39.7% year-over-year).
- 2018: Revenue of $117K, expenses of $37K, and assets of $323K (revenue -60.0% year-over-year).
- 2017: Revenue of $292K, expenses of $160K, and assets of $260K (revenue +38.5% year-over-year).
- 2016: Revenue of $211K, expenses of $142K, and assets of $128K (revenue +482.1% year-over-year).
- 2015: Revenue of $36K, expenses of $29K, and assets of $59K (revenue -9.9% year-over-year).
- 2014: Revenue of $40K, expenses of $100K, and assets of $51K (revenue -19.3% year-over-year).
- 2013: Revenue of $50K, expenses of $29K, and assets of $111K (revenue -32.9% year-over-year).
- 2012: Revenue of $74K, expenses of $39K, and assets of $90K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Marcum Foundation Inc:
Data Sources and Methodology
This transparency report for Marcum Foundation 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.