Marfani Foundation Inc

Analysis

Marfani Foundation Inc is a registered charity in United States, based in Richmond, TX. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Marfani Foundation Inc reported income of $678k and spending of $662k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $221k to $678k (+207%), an average of +207% a year. The sharpest change came in the year to December 2023, when income rose by 207%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Marfani Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Westerville Rotary Elderly Housing Inc ($678k), Willing 2 Move Forward ($678k) and Winter Sanctuary Inc ($678k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $17k against liabilities of $0, net assets of $17k.