Schooner Martha Foundation

Analysis

Schooner Martha Foundation is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 April 2024, Schooner Martha Foundation reported income of $78k and spending of $75k, spending 96% of its income. Across the 2 years on record, from April 2023 to April 2024, income grew from $74k to $78k (+5.8%), an average of +5.8% a year. Over the whole period it spent 139% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Schooner Martha Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 25th percentile within WA. Charities of a similar size with the same main cause include Main Street Perryville Inc ($78k), Malaya Filipino American Dance Arts ($78k) and Whitefish Review Inc ($78k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 73% and program service revenue 27% of the total. At year end it held assets of $240k against liabilities of $5,238, net assets of $234k.