Martin Foundation

Analysis

Martin Foundation is a registered charity in United States, based in Destin, FL. It received its IRS tax-exemption ruling in March 2018, 8 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 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 2020, Martin Foundation reported income of $97k and spending of $0, leaving 100% of income unspent that year. Across the 3 years on record, from December 2018 to December 2020, income fell from $907k to $97k (-89%), an average of -67% a year. The sharpest change came in the year to December 2020, when income rose by 424%. Over the whole period it spent 2.1% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Martin Foundation 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 36th percentile, and in the 40th percentile within FL. Charities of a similar size with the same main cause include North Canton YMCA Gymnastics Boosters Association Inc ($97k), Supporting the Stranger Inc ($97k) and Mfam Project ($97k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 100% of the total. At year end it held assets of $6.5m against liabilities of $0, net assets of $6.5m.