Maison Fortune Orphange Foundation Inc

Analysis

Maison Fortune Orphange Foundation Inc is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in April 2002, 24 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 June 2023, Maison Fortune Orphange Foundation Inc reported income of $238k and spending of $273k, spending 115% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $303k to $238k (-21%), an average of -7.7% a year. The sharpest change came in the year to June 2023, when income dropped by 34%. Over the whole period it spent 124% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Maison Fortune Orphange Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within VA. Charities of a similar size with the same main cause include Connecticut Family Support Network Inc ($238k), Usbg National Charity Foundation ($238k) and Anchor of Hope Inc ($238k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $117k against liabilities of $6,100, net assets of $111k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.