The Martin Family Foundation Inc

Analysis

The Martin Family Foundation Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in May 2019, 7 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, The Martin Family Foundation Inc reported income of $509k and spending of $1.4m, spending 268% of what it took in. Across the 4 years on record, from April 2020 to April 2023, income fell from $809k to $509k (-37%), an average of -14% a year. The sharpest change came in the year to April 2021, when income rose by 727%. Over the whole period it spent 12% 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 Martin Family Foundation Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within TN. Charities of a similar size with the same main cause include Daas Meisharim ($508k), Community Foundation for the Twin Tiers ($509k) and Retailroi Inc ($508k).

At year end it held assets of $12.6m against liabilities of $1,775, net assets of $12.6m.