Maharashtra Foundation

Analysis

Maharashtra Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1981, 45 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, Maharashtra Foundation reported income of $814k and spending of $1.0m, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $814k (-23%), an average of -6.4% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Maharashtra Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Operation Cigars for Warriors ($814k), The Wayne Council of Ptos Inc ($815k) and Northeast Texas Disciples Inc ($814k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $5.5m against liabilities of $17k, net assets of $5.5m.