Carly May Foundation

Analysis

Carly May Foundation is a registered charity in United States, based in Lakeville, MN. It received its IRS tax-exemption ruling in September 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Carly May Foundation reported income of $162k and spending of $193k, spending 120% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $139k to $162k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Carly May Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within MN. Charities of a similar size with the same main cause include Arecibo Adult Day Care Inc ($162k), Morrison County Food Shelf ($162k) and Project Rooted Inc ($162k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 109% of the total. At year end it held assets of $118k against liabilities of $0, net assets of $118k.