Joe & Allison Markell Foundation
Only null% goes to programs Strong reserves Growing revenue
Joe & Allison Markell Foundation is a 501(c)(3) organization based in Wilmington, Delaware, registered in 2023, with $61,681 in FY2024 revenue. CharityIndex grades it C+.
Foundation Source 501 Silverside Rd, Wilmington, DE, 19809 EIN 87-4537247 Since 2023
Revenue (FY2024)
$62K
▲ 498.2% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$55K
Net assets
$97K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Joe & Allison Markell Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating21 mo reserves · +10% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Joe & Allison Markell Foundation: 21 mo reserves · +10% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Joe & Allison Markell Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Joe & Allison Markell Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Foundation Source 501 Silverside Rd, Wilmington, DE, 19809
- City
- Wilmington
- State
- Delaware
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $253K (FY2022) to $62K (FY2024) across 3 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $97K
Operating margin
10.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$97K
Total liabilities
$0
Net assets
$97K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $61,681▲498% | $55,222▼22.7% | $96,984▲7.1% | $96,984▲7.1% | 990PF |
| 2023 | $10,311▼95.9% | $71,458▼29.8% | $90,525▼40.3% | $90,525▼40.3% | 990PF |
| 2022 | $253,442 | $101,770 | $151,672 | $151,672 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Joe & Allison Markell Foundation a legitimate nonprofit?
- Yes. Joe & Allison Markell Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 87-4537247, based in Wilmington, Delaware. Donations are tax-deductible.
- What is Joe & Allison Markell Foundation's EIN?
- Joe & Allison Markell Foundation's Employer Identification Number (EIN) is 87-4537247.
- How much revenue does Joe & Allison Markell Foundation report?
- Joe & Allison Markell Foundation reported $61,681 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Joe & Allison Markell Foundation have?
- CharityIndex grades Joe & Allison Markell Foundation C+, based on financial health (reserves and operating margin).
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Data for Joe & Allison Markell Foundation (EIN 87-4537247) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.