Felix E Martin Jr Foundation Inc

Analysis

Felix E Martin Jr Foundation Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Felix E Martin Jr Foundation Inc reported income of $2.8m and spending of $2.7m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $2.8m (+0.6%), an average of +0.1% a year. The sharpest change came in the year to June 2023, when income rose by 29399%. Over the whole period it spent 118% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Felix E Martin Jr Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within KY. Charities of a similar size with the same main cause include Hazelwood Initiative Inc ($2.8m), West Valley Mission Community College District Foundation ($2.8m) and J H P Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.1% of the total. At year end it held assets of $71.2m against liabilities of $2.2m, net assets of $68.9m.