More Maitri Inc

Analysis

More Maitri Inc is a registered charity in United States, based in Thornton, CO. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, More Maitri Inc reported income of $2.1m and spending of $2.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.1m (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2022, when income rose by 24%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, More Maitri Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CO. Charities of a similar size with the same main cause include Center for Disabilities ($2.1m), On the Rise Inc ($2.1m) and A Breeze of Hope Foundation ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $89k (4.2% of expenses). Other salaries and wages came to $941k. At year end it held assets of $639k against liabilities of $410k, net assets of $229k. It reported 55 employees.