Marthas Vineyard Community Foundation Inc

Analysis

Marthas Vineyard Community Foundation Inc is a registered charity in United States, based in West Tisbury, MA. It received its IRS tax-exemption ruling in August 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 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, Marthas Vineyard Community Foundation Inc reported income of $2.8m and spending of $3.3m, spending 120% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.8m to $2.8m (+56%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Marthas Vineyard Community Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Yellow Ribbon Fund Inc ($2.8m), Wendell Scott Foundation Inc ($2.8m) and Earn Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $172k (5.1% of expenses). Other salaries and wages came to $165k. At year end it held assets of $15.1m against liabilities of $572k, net assets of $14.5m. It reported 7 employees.