Mark Terk Charitable Foundation

Analysis

Mark Terk Charitable Foundation is a registered charity in United States, based in Frisco, TX. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a private operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending January 2019, Mark Terk Charitable Foundation reported income of $350k and spending of $340, leaving 100% of income unspent that year. Across the 2 years on record, from December 2018 to January 2019, income grew from $45k to $350k (+679%), an average of +679% a year. The sharpest change came in the year to January 2019, when income rose by 679%. Over the whole period it spent 134% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mark Terk Charitable Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Danville-Boyle County Economic Develpment Partnership Inc ($350k), Public-Private Development Corporation PPDC ($350k) and Havenwoods Economic Developement Corp ($350k).

On its Form 990 for the period ending January 2019, revenue came from contributions and grants 100% of the total. At year end it held assets of $10.4m against liabilities of $5.3m, net assets of $5.1m. It reported 4 employees.