Masgutova Foundation

Analysis

Masgutova Foundation is a registered charity in United States, based in Jupiter, FL. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2021, Masgutova Foundation reported income of $354k and spending of $260k, leaving 26% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income fell from $1.5m to $354k (-76%), an average of -52% a year. The sharpest change came in the year to December 2020, when income dropped by 87%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Masgutova Foundation 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 65th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include Corinth Holders High School Pirate Club Inc ($354k), Serna Marymount Community Development Corporation ($354k) and Atx Kids Club ($354k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 76% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $54k (21% of expenses). Other salaries and wages came to $124k. At year end it held assets of $214k against liabilities of $16k, net assets of $198k. It reported 2 employees.