The Mary Kay Foundation

Analysis

The Mary Kay Foundation is a registered charity in United States, based in Addison, TX. It received its IRS tax-exemption ruling in June 1996, 30 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 December 2023, The Mary Kay Foundation reported income of $3.4m and spending of $3.8m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.0m to $3.4m (-31%), an average of -8.8% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Mary Kay Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include North Carolina State University College of Sciences Foundation Inc ($3.4m), The Northern Cincinnati Foundation ($3.4m) and Center for Assessment and Treatment a New Jersey Non-Profit Corporati ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $15.4m against liabilities of $43k, net assets of $15.3m.