Ray E Martin Memorial Fund

Analysis

Ray E Martin Memorial Fund is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in July 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Ray E Martin Memorial Fund reported income of $114k and spending of $138k, spending 121% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $138k to $114k (-17%), an average of -17% a year. The sharpest change came in the year to September 2023, when income dropped by 17%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ray E Martin Memorial Fund sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 43rd percentile within TX. Charities of a similar size with the same main cause include Washington Baptist Seminary ($114k), DC Summer STEM Academy Inc ($114k) and Learning in Retirement Inc ($114k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $171k against liabilities of $0, net assets of $171k.