Anand Martin Foundation Inc

Analysis

Anand Martin Foundation Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Anand Martin Foundation Inc reported income of $617k and spending of $322k, leaving 48% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $195k to $617k (+217%), an average of +78% a year. The sharpest change came in the year to December 2023, when income rose by 180%. Over the whole period it spent 62% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Anand Martin Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within TN. Charities of a similar size with the same main cause include Housing Solutions for Southeastern Massachusetts Inc ($617k), Chaska Manor Inc ($617k) and Laguna Cottages for Seniors ($617k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.4m against liabilities of $291k, net assets of $1.1m.