Harold E Marx Memorial Fund

Analysis

Harold E Marx Memorial Fund is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 1989, 37 years ago. 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 May 2023, Harold E Marx Memorial Fund reported income of $130k and spending of $58k, leaving 56% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $32k to $130k (+305%), an average of +42% a year. The sharpest change came in the year to May 2020, when income rose by 110%. Over the whole period it spent 42% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Harold E Marx Memorial Fund sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 45th percentile within IL. Charities of a similar size with the same main cause include Arch Inc ($130k), Tax Foundation of Hawaii ($130k) and PTA Massachusetts Parent-Teacher Association Inc ($130k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $691k against liabilities of $0, net assets of $691k.