Macjannet Foundation Inc

Analysis

Macjannet Foundation Inc is a registered charity in United States, based in Wellesley HLS, MA. It received its IRS tax-exemption ruling in December 1968, 58 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 December 2023, Macjannet Foundation Inc reported income of $97k and spending of $120k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $95k to $97k (+2.7%), an average of +0.7% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Macjannet Foundation Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 43rd percentile within MA. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($97k), The Southern Jewish Historical Society ($97k) and Little League Baseball Inc ($97k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.