Bob and Rita Marley Foundation Inc

Analysis

Bob and Rita Marley Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Bob and Rita Marley Foundation Inc reported income of $132k and spending of $101k, leaving 24% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $35k to $132k (+273%), an average of +93% a year. The sharpest change came in the year to June 2023, when income rose by 526%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bob and Rita Marley Foundation Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include Eureka Restoration Enterprise ($132k), Love for Lane County ($132k) and Ms Moments ($132k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $42k against liabilities of $7,000, net assets of $35k.