Lawrence and Ellen Macks Family Foundation of Maryland Inc

Analysis

Lawrence and Ellen Macks Family Foundation of Maryland Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in July 2014, 12 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 (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lawrence and Ellen Macks Family Foundation of Maryland Inc reported income of $81k and spending of $1.4m, spending 1737% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.9m to $81k (-96%), an average of -54% a year. The sharpest change came in the year to June 2021, when income rose by 5477%. Over the whole period it spent 56% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lawrence and Ellen Macks Family Foundation of Maryland Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within MD. Charities of a similar size with the same main cause include Edgerton Area Foundation Inc ($81k), Country Jam USA Foundation Inc ($81k) and Family Haven Foundation Corporation ($81k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% of the total. At year end it held assets of $951k against liabilities of $0, net assets of $951k.