Julio a Martinez Memorial Fund

Analysis

Julio a Martinez Memorial Fund is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Julio a Martinez Memorial Fund reported income of $245k and spending of $191k, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $349k to $245k (-30%), an average of -8.5% a year. The sharpest change came in the year to June 2021, when income rose by 2251%. Over the whole period it spent 87% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Julio a Martinez Memorial Fund sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Youth Celebrate Diversity ($245k), Planet Hope Land and Sea ($245k) and Mentorkids Kentucky Inc ($245k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $881k against liabilities of $40k, net assets of $841k.