Mayas Hope Foundation Inc

Analysis

Mayas Hope Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2012, 14 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Mayas Hope Foundation Inc reported income of $1.0m and spending of $886k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $321k to $1.0m (+218%), an average of +34% a year. The sharpest change came in the year to December 2022, when income rose by 98%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mayas Hope Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include El Pozo de Vida ($1.0m), American Friends of Yeshivat Hesdder Sderot Inc ($1.0m) and Kingdom Trust ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $56k (6.4% of expenses). Other salaries and wages came to $93k. At year end it held assets of $826k against liabilities of $29k, net assets of $798k. It reported 2 employees.