Martinez Education Foundation

Analysis

Martinez Education Foundation is a registered charity in United States, based in Martinez, CA. It received its IRS tax-exemption ruling in March 1986, 40 years ago. 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, Martinez Education Foundation reported income of $176k and spending of $141k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $156k to $176k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2022, when income rose by 112%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Martinez Education Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Kansas City Chamber Orchestra Incorporated ($176k), Milne Asylum for Destitute Orphan Boys ($176k) and San Diego Taxpayers Educational Foundation ($176k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.