Mayflower Homes Foundation

Analysis

Mayflower Homes Foundation is a registered charity in United States, based in Grinnell, IA. It received its IRS tax-exemption ruling in August 1986, 40 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Mayflower Homes Foundation reported income of $161k and spending of $371k, spending 230% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $139k to $161k (+16%), an average of +5.2% a year. The sharpest change came in the year to March 2021, when income rose by 168%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mayflower Homes Foundation 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 49th percentile, and in the 49th percentile within IA. Charities of a similar size with the same main cause include Swirnow Charitable Foundation Inc ($161k), NSCC Parent Advisory Council of Parent Cooperative Preschools ($161k) and Al-Anon Family Groups of Mass Inc ($161k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $5.4m against liabilities of $1,426, net assets of $5.4m.