Mae Organization Inc

Analysis

Mae Organization Inc is a registered charity in United States, based in Cranston, RI. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Mae Organization Inc reported income of $172k and spending of $209k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $230k to $172k (-25%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mae Organization Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within RI. Charities of a similar size with the same main cause include Main Street Paragould Inc ($172k), Nia Community Development Corporation of Greater Richmond ($172k) and Macalester-Groveland Community Council ($172k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $159k against liabilities of $0, net assets of $159k.