Maxim Charitable Foundation Inc

Analysis

Maxim Charitable Foundation Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Maxim Charitable Foundation Inc reported income of $160k and spending of $122k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $196k to $160k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 94% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Maxim Charitable Foundation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within MD. Charities of a similar size with the same main cause include Saratoga County Deputy Sheriffs Pba ($160k), Conetoe Volunteer Fire Company ($160k) and Watson Chapel Fire Department Inc ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 132% of the total. At year end it held assets of $223k against liabilities of $7,790, net assets of $215k.