Maverick House Foundation Inc

Analysis

Maverick House Foundation Inc is a registered charity in United States, based in West Covina, CA. It received its IRS tax-exemption ruling in August 2009, 17 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, Maverick House Foundation Inc reported income of $293k and spending of $351k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $185k to $293k (+59%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 49%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Maverick House Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include St Johns Church Endoment Fund Inc ($293k), National Association for Equal Opportunity in Higher Education ($293k) and North Carolina Freeenterprise Foundation ($293k).

At year end it held assets of $241k against liabilities of $0, net assets of $241k.