Maxaid

Analysis

Maxaid is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Maxaid reported income of $311.1m and spending of $295.2m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $185.1m to $311.1m (+68%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 182%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Maxaid sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within WA. Charities of a similar size with the same main cause include Potomac Hospital Corporation of Prince William ($311.1m), Butler Healthcare Providers ($311.7m) and Ephrata Community Hospital ($310.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $136.8m against liabilities of $1.5m, net assets of $135.3m.