Mar5 Gratitude Foundation

Analysis

Mar5 Gratitude Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Mar5 Gratitude Foundation reported income of $271k and spending of $268k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $200k to $271k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mar5 Gratitude Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Dekalb Central School Alumni Foundation Inc ($271k), Citizen Advocacy of Chester County ($271k) and Heart Mind Foundation ($271k).

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