Education Foundation of Martin County Inc

Analysis

Education Foundation of Martin County Inc is a registered charity in United States, based in Stuart, FL. It received its IRS tax-exemption ruling in June 1992, 34 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Education Foundation of Martin County Inc reported income of $967k and spending of $953k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $750k to $967k (+29%), an average of +6.5% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Education Foundation of Martin County Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Jazz Foundation of America Inc ($966k), Richard Sabala Foundation Inc ($967k) and Jewish Federation of Somerset County ($965k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% of the total. Other salaries and wages came to $171k. At year end it held assets of $618k against liabilities of $3,436, net assets of $615k. It reported 4 employees.