The Maranyundo Initiative Inc

Analysis

The Maranyundo Initiative Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Maranyundo Initiative Inc reported income of $1.2m and spending of $1.5m, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $338k to $1.2m (+254%), an average of +37% a year. The sharpest change came in the year to December 2020, when income rose by 129%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Maranyundo Initiative Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include Copper Mountain College Foundation ($1.2m), Hadi School NFP ($1.2m) and Chino Hills High School General Booster Club ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $116k (7.8% of expenses). At year end it held assets of $983k against liabilities of $18k, net assets of $965k. It reported 3 employees.