Mavericks Coastside Foundation

Analysis

Mavericks Coastside Foundation is a registered charity in United States, based in Montara, CA. It received its IRS tax-exemption ruling in June 2016, 10 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 2023, Mavericks Coastside Foundation reported income of $1.0m and spending of $1000k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $468k to $1.0m (+120%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 76%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mavericks Coastside Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Unfcu Foundation Inc ($1.0m), Green Light New York Inc ($1.0m) and Loving Care Young Achievers Club ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. At year end it held assets of $341k against liabilities of $2,606, net assets of $338k.