Maestro Cares Foundation

Analysis

Maestro Cares Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Maestro Cares Foundation reported income of $6.0m and spending of $5.3m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.6m to $6.0m (+67%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 131%. Over the whole period it spent 78% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Maestro Cares Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Council of American Overseas Research Centers ($6.0m), Junior Achievement of New York ($6.0m) and The Threshold Foundation ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Other salaries and wages came to $630k. At year end it held assets of $12.0m against liabilities of $2.4m, net assets of $9.5m. It reported 15 employees.