United Way of Martin County Foundation Inc

Analysis

United Way of Martin County Foundation Inc is a registered charity in United States, based in Stuart, FL. It received its IRS tax-exemption ruling in December 2006, 20 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, United Way of Martin County Foundation Inc reported income of $1.0m and spending of $146k, leaving 85% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $327k to $1.0m (+208%), an average of +32% a year. The sharpest change came in the year to June 2021, when income rose by 312%. Over the whole period it spent 23% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, United Way of Martin County Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Howe Family Foundation ($1.0m), MC Dermott Will and Emery Charitable Foundation ($1.0m) and Branch County Community Foundation Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% of the total. Other salaries and wages came to $36k. At year end it held assets of $7.6m against liabilities of $20k, net assets of $7.5m.