Marion Project Iii Inc
Marion Project Iii Inc. consistently operates at a deficit, relying on substantial assets to cover expenses.
EIN: 205386019 · Omaha, NE · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $296K |
| Total Expenses | $383K |
| Program Spending | 85% |
| Net Assets | $2.8M |
| Transparency Score | 75/100 |
Is Marion Project Iii Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Marion Project Iii Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Marion Project Iii Inc
Marion Project Iii Inc (EIN: 205386019) is a nonprofit organization based in Omaha, NE, classified under NTEE code L22. The organization reported total revenue of $296K and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Marion Project Iii Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Marion Project Iii Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $269K |
| Total Expenses | $383K |
| Surplus / Deficit | $-113,316 |
| Total Assets | $2.9M |
| Total Liabilities | $43K |
| Net Assets | $2.8M |
| Operating Margin | -42.1% |
| Debt-to-Asset Ratio | 1.5% |
| Months of Reserves | 89.5 months |
Financial Health Grade: B
In 2023, Marion Project Iii Inc reported a deficit of $113K with expenses exceeding revenue, holds 89.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Marion Project Iii Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.1% | -3.3% | -4.7% |
| 2022 | -11.8% | +1.0% | -2.8% |
| 2021 | -25.7% | +6.2% | -3.6% |
| 2020 | -4.1% | +12.5% | -0.4% |
| 2019 | +52.0% | -3.7% | +1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
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 Marion Project Iii Inc with a Mission Score of 75 out of 100 (Good). 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: 85%
- fundraising: 0%
According to IRS 990 filings, Marion Project Iii Inc allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. 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 deficit of $113K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either unpaid or compensated through non-officer categories, which is a positive sign for minimizing administrative costs relative to the organization's size and 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 Marion Project Iii Inc's IRS 990 filings:
- Consistent operating deficits, with expenses frequently exceeding revenue (e.g., $382,693 expenses vs. $269,377 revenue in 2023).
- Reliance on asset drawdowns to cover operational costs, which is not a long-term sustainable model.
Strengths
The following positive indicators were identified for Marion Project Iii Inc:
- Substantial asset base ($2,853,051 in 2023) provides financial stability despite operating deficits.
- Zero reported officer compensation across all filings, indicating high efficiency in executive pay.
- Consistent filing history demonstrates transparency and compliance with IRS regulations.
Frequently Asked Questions about Marion Project Iii Inc
Is Marion Project Iii Inc a legitimate charity?
Marion Project Iii Inc (EIN: 205386019) is a registered tax-exempt nonprofit based in Nebraska. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $296K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Marion Project Iii Inc spend its money?
Marion Project Iii Inc directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Marion Project Iii Inc tax-deductible?
Marion Project Iii Inc is registered as a tax-exempt nonprofit (EIN: 205386019). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Marion Project Iii Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Marion Project Iii Inc is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Marion Project Iii Inc located?
Marion Project Iii Inc is headquartered in Omaha, Nebraska and files with the IRS under EIN 205386019. It is classified under NTEE code L22.
How many years of IRS 990 filings does Marion Project Iii Inc have?
Marion Project Iii 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 $296K in total revenue.
Is Marion Project Iii Inc. financially sustainable given its consistent operating deficits?
While the organization has consistently reported expenses exceeding revenue (e.g., $382,693 expenses vs. $269,377 revenue in 2023), its substantial asset base of $2,853,051 in 2023 provides a significant buffer. However, this trend is not sustainable indefinitely without drawing down assets or increasing revenue.
What is the primary source of funding for Marion Project Iii Inc.?
The filings indicate 'Revenue' which includes contributions, grants, and other income. Without a detailed breakdown, it's difficult to pinpoint the exact primary source, but the overall revenue has fluctuated, reaching a high of $392,664 in 2019 and a low of $186,656 in 2014.
How does the lack of officer compensation impact the organization's operations?
The consistent reporting of 0% officer compensation suggests that leadership may be volunteer-based or compensated through other means, which significantly reduces administrative overhead and allows more funds to potentially be directed towards programs. This is generally viewed positively for efficiency.
Filing History
IRS 990 filing history for Marion Project Iii Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Marion Project Iii Inc's revenue has grown by 52.5%, moving from $177K to $269K. Total assets decreased by 25.7% over the same period, from $3.8M to $2.9M. Total functional expenses rose by 46.1%, from $262K to $383K. In its most recent filing year (2023), Marion Project Iii Inc reported a deficit of $113K, with expenses exceeding revenue. The organization holds $43K in liabilities against $2.9M in assets (debt-to-asset ratio: 1.5%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $269K | $383K | $2.9M | $43K | — | — |
| 2022 | $247K | $396K | $3.0M | $101K | — | — |
| 2021 | $280K | $392K | $3.1M | $38K | — | View 990 |
| 2020 | $377K | $369K | $3.2M | $42K | — | View 990 |
| 2019 | $393K | $328K | $3.2M | $61K | — | View 990 |
| 2018 | $258K | $341K | $3.2M | $71K | — | View 990 |
| 2017 | $205K | $316K | $3.3M | $92K | — | View 990 |
| 2016 | $192K | $328K | $3.3M | $73K | — | View 990 |
| 2015 | $190K | $294K | $3.5M | $51K | — | View 990 |
| 2014 | $187K | $284K | $3.6M | $35K | — | View 990 |
| 2013 | $182K | $270K | $3.6M | $24K | — | View 990 |
| 2012 | $176K | $286K | $3.7M | $47K | — | View 990 |
| 2011 | $177K | $262K | $3.8M | $30K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $269K, expenses of $383K, and assets of $2.9M (revenue +9.1% year-over-year).
- 2022: Revenue of $247K, expenses of $396K, and assets of $3.0M (revenue -11.8% year-over-year).
- 2021: Revenue of $280K, expenses of $392K, and assets of $3.1M (revenue -25.7% year-over-year).
- 2020: Revenue of $377K, expenses of $369K, and assets of $3.2M (revenue -4.1% year-over-year).
- 2019: Revenue of $393K, expenses of $328K, and assets of $3.2M (revenue +52.0% year-over-year).
- 2018: Revenue of $258K, expenses of $341K, and assets of $3.2M (revenue +25.9% year-over-year).
- 2017: Revenue of $205K, expenses of $316K, and assets of $3.3M (revenue +6.9% year-over-year).
- 2016: Revenue of $192K, expenses of $328K, and assets of $3.3M (revenue +1.2% year-over-year).
- 2015: Revenue of $190K, expenses of $294K, and assets of $3.5M (revenue +1.6% year-over-year).
- 2014: Revenue of $187K, expenses of $284K, and assets of $3.6M (revenue +2.3% year-over-year).
- 2013: Revenue of $182K, expenses of $270K, and assets of $3.6M (revenue +3.5% year-over-year).
- 2012: Revenue of $176K, expenses of $286K, and assets of $3.7M (revenue -0.2% year-over-year).
- 2011: Revenue of $177K, expenses of $262K, and assets of $3.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Marion Project Iii Inc:
Data Sources and Methodology
This transparency report for Marion Project Iii 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.