T J Martell Foundation

Analysis

T J Martell Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1976, 50 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, T J Martell Foundation reported income of $2.6m and spending of $1.1m, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.2m to $2.6m (-38%), an average of -11% a year. The sharpest change came in the year to December 2023, when income rose by 259%. Over the whole period it spent 132% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, T J Martell Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Mercy Medicine Clinic ($2.6m), Foundation for University Hospital a New Jersey Nonprofit Co ($2.6m) and Corpus Christi Pregnancy Center Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 120% of the total. Compensation of current officers, directors and key employees was $150k (14% of expenses). Other salaries and wages came to $213k. At year end it held assets of $3.6m against liabilities of $1.1m, net assets of $2.4m. It reported 8 employees.