The Rachel Molly Markoff Foundation

Analysis

The Rachel Molly Markoff Foundation is a registered charity in United States, based in Newton Center, MA. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Rachel Molly Markoff Foundation reported income of $210k and spending of $72k, leaving 66% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $204k to $210k (+3.2%), an average of +1.1% a year. The sharpest change came in the year to December 2023, when income rose by 112%. Over the whole period it spent 69% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Rachel Molly Markoff Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within MA. Charities of a similar size with the same main cause include Ranger Junior College Foundation Inc ($210k), Port Washington Education Foundation ($210k) and Friends of Ner Yitzhak Inc ($210k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $438k against liabilities of $0, net assets of $438k.