James W and Esther Maguire Fund

Analysis

James W and Esther Maguire Fund is a registered charity in United States, based in Meriden, CT. It received its IRS tax-exemption ruling in January 1998, 28 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, James W and Esther Maguire Fund reported income of $64k and spending of $58k, spending 91% of its income. Across the 2 years on record, from December 2019 to December 2020, income fell from $171k to $64k (-63%), an average of -63% a year. The sharpest change came in the year to December 2020, when income dropped by 63%. Over the whole period it spent 56% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, James W and Esther Maguire Fund sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within CT. Charities of a similar size with the same main cause include Greater Johnstown Cambria Countychamber Foundation ($64k), Atlas ($64k) and Perry Main Street Association Inc ($64k).

At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.