Lawrence and Ellen Macks Family Foundation of Florida

Analysis

Lawrence and Ellen Macks Family Foundation of Florida is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in October 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 June 2023, Lawrence and Ellen Macks Family Foundation of Florida reported income of $1.0m and spending of $64k, leaving 94% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $605k to $1.0m (+67%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 447727%. Over the whole period it spent 7.0% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lawrence and Ellen Macks Family Foundation of Florida sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Almanor Foundation ($1.0m), Trellis for Tomorrow ($1.0m) and Greater Fostoria Community Foundation Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $994k against liabilities of $0, net assets of $994k.