Maharishi Foundation USA Inc

Analysis

Maharishi Foundation USA Inc is a registered charity in United States, based in Fairfield, IA. It received its IRS tax-exemption ruling in November 1993, 33 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Maharishi Foundation USA Inc reported income of $14.4m and spending of $14.8m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $20.8m to $14.4m (-31%), an average of -8.8% a year. The sharpest change came in the year to December 2020, when income dropped by 29%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Maharishi Foundation USA Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IA. Charities of a similar size with the same main cause include United South & Eastern Tribes Inc ($14.4m), Umh Ny Corp ($14.4m) and Village Family Service Center ($14.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $230k (1.6% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $15.4m against liabilities of $4.7m, net assets of $10.7m. It reported 143 employees.