Maya Educational Foundation

Analysis

Maya Educational Foundation is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in March 1993, 33 years ago. 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 June 2023, Maya Educational Foundation reported income of $1.0m and spending of $749k, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $845k to $1.0m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Maya Educational Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Wickenburg Community Services Corporation ($1.0m), Central Dupage Pastoral Counseling Center ($1.0m) and Medical Education Institute Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $5.2m against liabilities of $35k, net assets of $5.1m.