The Pedro J Martinez and Brothers Foundation

Analysis

The Pedro J Martinez and Brothers Foundation is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in December 1999, 27 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 November 2023, The Pedro J Martinez and Brothers Foundation reported income of $642k and spending of $512k, leaving 20% of income unspent that year. Across the 2 years on record, from November 2021 to November 2023, income grew from $410k to $642k (+57%), an average of +56% a year. The sharpest change came in the year to November 2023, when income rose by 57%. Over the whole period it spent 75% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Pedro J Martinez and Brothers Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include TMG Foundation ($642k), Life Community Enrichment Inc ($643k) and Peoria School District 150 Foundation ($642k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 126% of the total. It paid $74k in professional fundraising fees. At year end it held assets of $377k against liabilities of $62k, net assets of $315k.