Mae-Day Inc

Analysis

Mae-Day Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2015, 11 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, Mae-Day Inc reported income of $256k and spending of $260k, spending 101% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $220k to $256k (+17%), an average of +5.3% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mae-Day Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Roseville Area Community Foundation ($256k), Naples Italian American Foundation Inc ($257k) and Cuero Community Foundation ($256k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $54k (21% of expenses). At year end it held assets of $133k against liabilities of $24k, net assets of $109k. It reported 1 employees.