Randolph W & Dr Lael C Melville Family Foundation

Analysis

Randolph W & Dr Lael C Melville Family Foundation is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in August 2018, 8 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, Randolph W & Dr Lael C Melville Family Foundation reported income of $577k and spending of $509k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $233k to $577k (+147%), an average of +25% a year. The sharpest change came in the year to December 2020, when income rose by 113%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Randolph W & Dr Lael C Melville Family Foundation sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Family Crisis Center Inc ($577k), Agape Broadcasting Foundation Inc ($577k) and Northeast-Midwest Institute ($577k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $123k. At year end it held assets of $194k against liabilities of $670, net assets of $193k. It reported 1 employees.