Marine Corps Scholarship Foundation Inc
Marine Corps Scholarship Foundation: Strong Financials, High Program Spending
EIN: 221905062 · Alexandria, VA · NTEE: B82Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $45.4M |
| Total Expenses | $19.2M |
| Program Spending | 86% |
| Net Assets | $147.3M |
| Transparency Score | 90/100 |
Is Marine Corps Scholarship Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Marine Corps Scholarship Foundation Inc directs 86% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Marine Corps Scholarship Foundation Inc
Marine Corps Scholarship Foundation Inc (EIN: 221905062) is a nonprofit organization based in Alexandria, VA, classified under NTEE code B82Z. The organization reported total revenue of $45.4M and total assets of $176.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Marine Corps Scholarship Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Marine Corps Scholarship Foundation Inc is a large nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $22.4M |
| Total Expenses | $19.2M |
| Surplus / Deficit | +$3.2M |
| Total Assets | $161.0M |
| Total Liabilities | $13.6M |
| Net Assets | $147.3M |
| Operating Margin | 14.3% |
| Debt-to-Asset Ratio | 8.5% |
| Months of Reserves | 100.7 months |
Financial Health Grade: A
In 2023, Marine Corps Scholarship Foundation Inc reported a surplus of $3.2M with revenue exceeding expenses, holds 100.7 months of operating reserves (strong position), has a debt-to-asset ratio of 8.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Marine Corps Scholarship Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -40.2% | +11.2% | +12.2% |
| 2022 | +9.1% | +13.1% | -3.8% |
| 2021 | +61.5% | +2.8% | +18.0% |
| 2020 | +11.8% | -7.7% | +6.1% |
| 2019 | +140.6% | +50.3% | +5.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Marine Corps Scholarship 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: 5%
- programs: 86%
- fundraising: 9%
According to IRS 990 filings, Marine Corps Scholarship Foundation Inc allocates its expenses as follows: admin: 5%, programs: 86%, fundraising: 9%. With 86% 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 $3.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.5%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further information on individual salaries.
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 Marine Corps Scholarship Foundation Inc:
- Consistently high program spending, with 86% of expenses dedicated to programs in the most recent filing.
- Significant and growing asset base, reaching $176,766,473 in the latest period, indicating strong financial health.
- Substantial revenue generation, with $45,448,994 in the most recent fiscal year.
- Low administrative overhead, contributing to efficient use of funds.
- Long history of financial filings, demonstrating consistent operation and reporting.
Frequently Asked Questions about Marine Corps Scholarship Foundation Inc
Is Marine Corps Scholarship Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Marine Corps Scholarship Foundation Inc (EIN: 221905062) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Marine Corps Scholarship Foundation Inc spend its money?
Marine Corps Scholarship Foundation Inc directs 86% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Marine Corps Scholarship Foundation Inc tax-deductible?
Marine Corps Scholarship Foundation Inc is registered as a tax-exempt nonprofit (EIN: 221905062). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Marine Corps Scholarship Foundation Inc's spending goes to programs?
Marine Corps Scholarship Foundation Inc directs 86% to programs, 9% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Marine Corps Scholarship Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Marine Corps Scholarship Foundation Inc is above average for NTEE category B82Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Marine Corps Scholarship Foundation Inc located?
Marine Corps Scholarship Foundation Inc is headquartered in Alexandria, Virginia and files with the IRS under EIN 221905062. It is classified under NTEE code B82Z.
How many years of IRS 990 filings does Marine Corps Scholarship Foundation Inc have?
Marine Corps Scholarship Foundation Inc has 13 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 $45.4M in total revenue.
What does Marine Corps Scholarship Foundation Inc do?
Marine Corps Scholarship Foundation Inc is a nonprofit organization in the Education sector, located in Alexandria, Virginia. It is classified under NTEE code B82Z.
How much revenue does Marine Corps Scholarship Foundation Inc have?
Marine Corps Scholarship Foundation Inc reported total revenue of $45,448,994. Based on 13 IRS 990 filings on record.
What are Marine Corps Scholarship Foundation Inc's total assets?
Marine Corps Scholarship Foundation Inc holds total assets of $176,766,473 as reported in IRS 990 filings.
Where is Marine Corps Scholarship Foundation Inc located?
Marine Corps Scholarship Foundation Inc is based in Alexandria, Virginia.
What is Marine Corps Scholarship Foundation Inc's EIN?
Marine Corps Scholarship Foundation Inc's Employer Identification Number (EIN) is 221905062. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Marine Corps Scholarship Foundation Inc?
Marine Corps Scholarship Foundation Inc is classified under NTEE code B82Z (Education).
Is Marine Corps Scholarship Foundation Inc a registered 501(c)(3)?
Yes, Marine Corps Scholarship Foundation Inc is recognized as a tax-exempt organization by the IRS. EIN: 221905062.
Does Marine Corps Scholarship Foundation Inc file IRS Form 990?
Yes, Marine Corps Scholarship Foundation Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Marine Corps Scholarship Foundation Inc's revenue in 2023?
In the 202306 filing period, Marine Corps Scholarship Foundation Inc reported total revenue of $22,373,801, total expenses of $19,178,181, and net assets of $160,956,122.
Is Marine Corps Scholarship Foundation Inc's revenue growing or declining?
Marine Corps Scholarship Foundation Inc's revenue is declining. Revenue went from $37,411,876 (202206) to $22,373,801 (202306), a -40.2% change. Based on 13 filings on record.
What is Marine Corps Scholarship Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Marine Corps Scholarship Foundation Inc covers tax period 202306. It shows revenue of $22,373,801, expenses of $19,178,181, total assets of $160,956,122, and liabilities of $13,631,574.
How much does Marine Corps Scholarship Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Marine Corps Scholarship Foundation Inc allocates approximately 86% of expenses to program services, 5% to administrative costs, and 9% to fundraising. This indicates strong program focus.
Is Marine Corps Scholarship Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Marine Corps Scholarship Foundation Inc appears trustworthy. Mission Score: 90/100 (Excellent). No red flags identified. 5 strengths noted.
What are Marine Corps Scholarship Foundation Inc's strengths?
Positive indicators for Marine Corps Scholarship Foundation Inc include: Consistently high program spending, with 86% of expenses dedicated to programs in the most recent filing.. Significant and growing asset base, reaching $176,766,473 in the latest period, indicating strong financial health.. Substantial revenue generation, with $45,448,994 in the most recent fiscal year.. Low administrative overhead, contributing to efficient use of funds.. Long history of financial filings, demonstrating consistent operation and reporting.. These findings are derived from AI analysis of the organization's financial filings.
How does Marine Corps Scholarship Foundation Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further information on individual salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has the organization managed to significantly increase its assets from $88,657,447 in 2016 to $176,766,473 in 2023, nearly doubling its financial base?
The substantial growth in assets appears to be driven by a combination of consistent revenue generation exceeding expenses and potentially strong investment performance, as indicated by the increasing 'a' (assets) values over the years.
Given the consistent 'c0%' across all years, what specific strategies does the foundation employ to maintain such a low or non-existent lobbying footprint while still achieving its mission?
The 'c0%' suggests the foundation primarily focuses on direct scholarship provision and support rather than legislative advocacy. Their strategy likely centers on direct fundraising and program delivery, relying on their mission's inherent appeal rather than political influence.
Filing History
IRS 990 filing history for Marine Corps Scholarship Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Marine Corps Scholarship Foundation Inc's revenue has grown by 54.6%, moving from $14.5M to $22.4M. Total assets increased by 242.1% over the same period, from $47.0M to $161.0M. Total functional expenses rose by 114.3%, from $8.9M to $19.2M. In its most recent filing year (2023), Marine Corps Scholarship Foundation Inc reported a surplus of $3.2M, with revenue exceeding expenses. The organization holds $13.6M in liabilities against $161.0M in assets (debt-to-asset ratio: 8.5%), resulting in net assets of $147.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $22.4M | $19.2M | $161.0M | $13.6M | — | — |
| 2022 | $37.4M | $17.2M | $143.5M | $10.5M | — | View 990 |
| 2021 | $34.3M | $15.2M | $149.1M | $10.5M | — | View 990 |
| 2020 | $21.2M | $14.8M | $126.3M | $9.4M | — | View 990 |
| 2019 | $19.0M | $16.1M | $119.1M | $10.1M | — | View 990 |
| 2018 | $7.9M | $10.7M | $113.3M | $9.1M | — | View 990 |
| 2017 | $30.7M | $13.9M | $111.5M | $2.0M | — | — |
| 2016 | $21.4M | $13.7M | $88.7M | $2.1M | — | View 990 |
| 2015 | $30.8M | $14.9M | $82.5M | $3.1M | — | View 990 |
| 2014 | $19.9M | $13.5M | $68.3M | $2.6M | — | View 990 |
| 2013 | $18.2M | $13.1M | $61.2M | $2.1M | — | View 990 |
| 2012 | $19.5M | $12.4M | $55.9M | $2.4M | — | View 990 |
| 2011 | $14.5M | $8.9M | $47.0M | $3.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $22.4M, expenses of $19.2M, and assets of $161.0M (revenue -40.2% year-over-year).
- 2022: Revenue of $37.4M, expenses of $17.2M, and assets of $143.5M (revenue +9.1% year-over-year).
- 2021: Revenue of $34.3M, expenses of $15.2M, and assets of $149.1M (revenue +61.5% year-over-year).
- 2020: Revenue of $21.2M, expenses of $14.8M, and assets of $126.3M (revenue +11.8% year-over-year).
- 2019: Revenue of $19.0M, expenses of $16.1M, and assets of $119.1M (revenue +140.6% year-over-year).
- 2018: Revenue of $7.9M, expenses of $10.7M, and assets of $113.3M (revenue -74.3% year-over-year).
- 2017: Revenue of $30.7M, expenses of $13.9M, and assets of $111.5M (revenue +43.0% year-over-year).
- 2016: Revenue of $21.4M, expenses of $13.7M, and assets of $88.7M (revenue -30.4% year-over-year).
- 2015: Revenue of $30.8M, expenses of $14.9M, and assets of $82.5M (revenue +55.1% year-over-year).
- 2014: Revenue of $19.9M, expenses of $13.5M, and assets of $68.3M (revenue +9.3% year-over-year).
- 2013: Revenue of $18.2M, expenses of $13.1M, and assets of $61.2M (revenue -6.7% year-over-year).
- 2012: Revenue of $19.5M, expenses of $12.4M, and assets of $55.9M (revenue +34.7% year-over-year).
- 2011: Revenue of $14.5M, expenses of $8.9M, and assets of $47.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Marine Corps Scholarship Foundation Inc:
Data Sources and Methodology
This transparency report for Marine Corps Scholarship 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.