Maac Foundation Inc

Analysis

Maac Foundation Inc is a registered charity in United States, based in Valparaiso, IN. It received its IRS tax-exemption ruling in February 2017, 9 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, Maac Foundation Inc reported income of $7.5m and spending of $1.5m, leaving 80% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $700k to $7.5m (+969%), an average of +81% a year. The sharpest change came in the year to December 2021, when income rose by 459%. Over the whole period it spent 28% 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, Maac Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IN. Charities of a similar size with the same main cause include Northeast Uas Airspace Integration Research Alliance Inc ($7.3m), Lassen County Fire Safe Council ($7.6m) and Berkeley Existential Risk Initiative ($7.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $71k (4.8% of expenses). Other salaries and wages came to $357k. It paid $4,360 in professional fundraising fees. At year end it held assets of $17.9m against liabilities of $8,773, net assets of $17.9m. It reported 36 employees.