Marion and Walter C Bateman Jr Memorial Fund

Analysis

Marion and Walter C Bateman Jr Memorial Fund is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 1987, 39 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Marion and Walter C Bateman Jr Memorial Fund reported income of $195k and spending of $209k, spending 107% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $171k to $195k (+14%), an average of +4.4% a year. The sharpest change came in the year to December 2021, when income rose by 90%. 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, Marion and Walter C Bateman Jr Memorial Fund sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within IL. Charities of a similar size with the same main cause include Roofers and Waterproofers Local 37 Joint Apprenticeship and Journeyma ($195k), Volunteers of America Inc ($195k) and Midland Kiwanis Foundation ($195k).

Compensation of current officers, directors and key employees was $48k (23% of expenses). At year end it held assets of $5.4m against liabilities of $0, net assets of $5.4m.