Martin County Convent Foundation Inc

Analysis

Martin County Convent Foundation Inc is a registered charity in United States, based in Stanton, TX. It received its IRS tax-exemption ruling in September 1989, 37 years ago. 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, Martin County Convent Foundation Inc reported income of $2.0m and spending of $195k, leaving 90% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $295k to $2.0m (+565%), an average of +88% a year. The sharpest change came in the year to December 2022, when income rose by 563%. Over the whole period it spent 4.5% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Martin County Convent Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Open Arms Child Development Center ($2.0m), Project Safe Inc ($2.0m) and Maharishi Purusha Program ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% of the total. Other salaries and wages came to $39k. At year end it held assets of $9.8m against liabilities of $1,422, net assets of $9.8m. It reported 1 employees.