Town of Medley Foundation Inc

Analysis

Town of Medley Foundation Inc is a registered charity in United States, based in Medley, FL. It received its IRS tax-exemption ruling in October 1998, 28 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Town of Medley Foundation Inc reported income of $100k and spending of $59k, leaving 41% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $36k to $100k (+181%), an average of +181% a year. The sharpest change came in the year to September 2023, when income rose by 181%. Over the whole period it spent 69% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Town of Medley Foundation Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 41st percentile within FL. Charities of a similar size with the same main cause include Carnival Association of Long Beach Inc ($100k), Seth Keener Foundation ($100k) and St Bernard Parish Juvenile Drug Court Inc ($100k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $94k against liabilities of $11k, net assets of $83k.