Martin Family Charitable Foundation Inc
Martin Family Charitable Foundation maintains stable assets and zero officer compensation, directing funds efficiently.
EIN: 203447785 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
Is Martin Family Charitable Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Martin Family Charitable Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Martin Family Charitable Foundation Inc
Martin Family Charitable Foundation Inc (EIN: 203447785) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $856K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Martin Family Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Martin Family Charitable Foundation Inc is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $161K |
| Total Expenses | $122K |
| Surplus / Deficit | +$39K |
| Total Assets | $1.2M |
| Total Liabilities | $1 |
| Net Assets | $1.2M |
| Operating Margin | 24.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 116.8 months |
Financial Health Grade: A
In 2023, Martin Family Charitable Foundation Inc reported a surplus of $39K with revenue exceeding expenses, holds 116.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Martin Family Charitable Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +484.8% | -12.6% | +3.4% |
| 2022 | -91.0% | +32.7% | -8.9% |
| 2021 | +985.3% | +2.7% | +19.0% |
| 2020 | -32.4% | +10.9% | -6.5% |
| 2019 | -84.9% | +11.3% | -8.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Martin Family Charitable Foundation Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Martin Family Charitable Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $39K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating a volunteer-led organization or one with no paid officers, which is highly efficient for a foundation of this size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Martin Family Charitable Foundation Inc:
- Consistent 0% officer compensation across all filings, indicating high efficiency.
- Stable asset base (e.g., $1,424,856 latest assets) over a decade, demonstrating financial resilience.
- Minimal liabilities ($1 reported consistently), indicating strong financial health and low risk.
- Consistent IRS 990 filing history (10 filings), showing good transparency and compliance.
Frequently Asked Questions about Martin Family Charitable Foundation Inc
Is Martin Family Charitable Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Martin Family Charitable Foundation Inc (EIN: 203447785) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Martin Family Charitable Foundation Inc spend its money?
Martin Family Charitable Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Martin Family Charitable Foundation Inc tax-deductible?
Martin Family Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203447785). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Martin Family Charitable Foundation Inc. a good charity?
Based on the available IRS 990 data, the Martin Family Charitable Foundation Inc. appears to be a good charity. It consistently reports 0% officer compensation, indicating high efficiency, and maintains a stable asset base with minimal liabilities, suggesting sound financial management.
How does the foundation manage its administrative costs?
The foundation manages its administrative costs very efficiently, as evidenced by the consistent reporting of 0% officer compensation across all filings. This suggests that administrative functions are likely handled by volunteers or are extremely lean, allowing a greater proportion of funds to go towards its charitable mission.
What is the trend in the foundation's assets?
The foundation's assets have remained remarkably stable over the past decade, generally fluctuating between $1.0 million and $1.2 million, with the latest reported assets at $1,424,856. This indicates a consistent and well-managed endowment or investment portfolio.
Filing History
IRS 990 filing history for Martin Family Charitable Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Martin Family Charitable Foundation Inc's revenue has grown by 303.4%, moving from $40K to $161K. Total assets increased by 17.6% over the same period, from $1.0M to $1.2M. Total functional expenses rose by 124.1%, from $55K to $122K. In its most recent filing year (2023), Martin Family Charitable Foundation Inc reported a surplus of $39K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $161K | $122K | $1.2M | $1 | — | View 990 |
| 2022 | $28K | $140K | $1.2M | $1 | — | View 990 |
| 2021 | $307K | $105K | $1.3M | $1 | — | View 990 |
| 2020 | $28K | $103K | $1.1M | $1 | — | — |
| 2019 | $42K | $93K | $1.1M | $1 | — | View 990 |
| 2015 | $277K | $83K | $1.2M | $1 | — | View 990 |
| 2014 | $79K | $78K | $1.1M | $1 | — | View 990 |
| 2013 | $102K | $75K | $1.1M | $1 | — | View 990 |
| 2012 | $73K | $61K | $1.0M | $1 | — | View 990 |
| 2011 | $40K | $55K | $1.0M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $161K, expenses of $122K, and assets of $1.2M (revenue +484.8% year-over-year).
- 2022: Revenue of $28K, expenses of $140K, and assets of $1.2M (revenue -91.0% year-over-year).
- 2021: Revenue of $307K, expenses of $105K, and assets of $1.3M (revenue +985.3% year-over-year).
- 2020: Revenue of $28K, expenses of $103K, and assets of $1.1M (revenue -32.4% year-over-year).
- 2019: Revenue of $42K, expenses of $93K, and assets of $1.1M (revenue -84.9% year-over-year).
- 2015: Revenue of $277K, expenses of $83K, and assets of $1.2M (revenue +250.1% year-over-year).
- 2014: Revenue of $79K, expenses of $78K, and assets of $1.1M (revenue -22.8% year-over-year).
- 2013: Revenue of $102K, expenses of $75K, and assets of $1.1M (revenue +39.5% year-over-year).
- 2012: Revenue of $73K, expenses of $61K, and assets of $1.0M (revenue +83.8% year-over-year).
- 2011: Revenue of $40K, expenses of $55K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Martin Family Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Martin Family Charitable Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.