Maynard Cooper & Gale Charitable Foundation

Analysis

Maynard Cooper & Gale Charitable Foundation is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Maynard Cooper & Gale Charitable Foundation reported income of $57k and spending of $327k, spending 574% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $386k to $57k (-85%), an average of -38% a year. The sharpest change came in the year to December 2021, when income rose by 567%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Maynard Cooper & Gale Charitable Foundation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within AL. Charities of a similar size with the same main cause include Friends of Esquipulas Inc ($57k), Millbury Lions Foundation Inc ($57k) and Alsea Community Effort ($57k).

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 $499k against liabilities of $0, net assets of $499k.