1103 Market Street Foundation

Analysis

1103 Market Street Foundation is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, 1103 Market Street Foundation reported income of $88k and spending of $119k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $78k to $88k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2022, when income rose by 90%. Over the whole period it spent 134% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 1103 Market Street Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 30th percentile within DE. Charities of a similar size with the same main cause include Michael Newton Institute for Life Between Lives Hypnotherapy Inc ($88k), Joshua Glynn Memorial Foundation Inc ($88k) and Preston Mitchum Jr Foundation ($88k).

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 $418k against liabilities of $0, net assets of $418k.