Marthas Corporation

Analysis

Marthas Corporation is a registered charity in United States, based in Belhaven, NC. It received its IRS tax-exemption ruling in November 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Marthas Corporation reported income of $219k and spending of $123k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $175k to $219k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Marthas Corporation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include Caring and Sharing Thrift Shop NFP ($219k), Circle of Friends in Love Foundation ($219k) and Literacy Volunteers of Somerset County Inc ($219k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.0% and program service revenue 92% of the total. At year end it held assets of $337k against liabilities of $0, net assets of $337k.