The Maidstone Charitable Trust

Analysis

The Maidstone Charitable Trust is a registered charity in United States, based in East Hampton, NY. It received its IRS tax-exemption ruling in June 1990, 36 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, The Maidstone Charitable Trust reported income of $69k and spending of $74k, spending 109% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $640k to $69k (-89%), an average of -67% a year. The sharpest change came in the year to December 2022, when income dropped by 89%. 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, The Maidstone Charitable Trust sits at the 27th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within NY. Charities of a similar size with the same main cause include Richmond Rotary Charitable Foundation ($69k), Marengo Area Schools Education Foundation Inc ($69k) and West Virginia Univ Forestry Endowment Fund of the Wvu Forestry ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $305k against liabilities of $0, net assets of $305k.