Marathon Cooperative Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
TO EXPAND OPPORTUNITIES AVAILABLE TO LOS ANGELES RESIDENTS AND GROUPS TO OBTAIN ADEQUATE LOW-COST HOUSING ACCOMMODATIONS BY CONSTRUCTING, REHABILITATING, AND PROVIDING DECENT, SAFE AND SANITARY HOUSING IN THE LOS ANGELES COMMUNITY FOR PERSONS AND FAMILIES OF LOW INCOME WHO OTHERWISE WOULD NOT BE ABLE TO FIND OR AFFORD A SUITABLE PLACE TO LIVE; TO HELP RELIEVE THE POOR, DISTRESSED, UNDERPRIVILEGED AND INDIGENT BY ENABLING THEM TO SECURE THE BASIC HUMAN NEEDS OF DECENT SHELTER AND TO THUS LESSEN THE BURDENS OF GOVERNMENT AND PROMOTE THE SOCIAL WELFARE; TO PROVIDE SUCH HOUSING THROUGH REHABILITATION OF EXISTING SUBSTANDARD BUILDINGS AND CONSTRUCTION OF NEW FACILITIES IN THE PLACE OF BLIGHTED STRUCTURES OR BLIGHTED VACANT SITES FOR THE PURPOSE OF COMBATTING THE DETERIORATION OF THE COMMUNITY AND CONTRIBUTING TO ITS PHYSICAL IMPROVEMENT.
- Income
- $825,101
- Spending
- $482,943
- Spent on programs
- 84%
- Reserves
- -4.3 months of spending
- Largest source of income
- fees for its services, 52%
- Employees
- 0
- Volunteers
- 7
Source: Form 990 for the year ending April 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 61 out of 100. Higher than 60% of charities in its peer group (housing, $250k to $1m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
16 of 20It owes 16% of what it owns.
Living within its means
15 of 15Income exceeded spending by 41% of income.
Income trend
15 of 15Income rose 5% on the year before.
Spending floor
15 of 1584% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending April 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 59 out of 100. Higher than 17% of charities in its peer group (housing, $250k to $1m).
Independent board
25 of 257 of 7 voting board members are independent.
Conflict of interest policy
0 of 15Reports no written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending April 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $404,788 spent. THE ORGANIZATION IS A LIMITED-EQUITY HOUSING COOPERATIVE THAT IS ORGANIZED AS A NON-PROFIT PUBLIC BENEFIT CORPORATION THAT OWNS REAL PROPERTY COMPRISED OF 66 LOW-INCOME RESIDENTIAL UNITS IN LOS ANGELES, CALIFORNIA.
Source: Form 990 for the year ending April 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending April 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since April 2017.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.