Joe Martin ALS Foundation

Analysis

Joe Martin ALS Foundation is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Joe Martin ALS Foundation reported income of $429k and spending of $469k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $334k to $429k (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2020, when income rose by 91%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Joe Martin ALS Foundation sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include Edens Glory ($429k), Richmond County Cancer Care Treasure Shop ($429k) and Fairview Hospital Inc ($429k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $100k (21% of expenses). Other salaries and wages came to $192k. At year end it held assets of $893k against liabilities of $5,013, net assets of $888k. It reported 10 employees.