Max Cares Foundation Inc

Analysis

Max Cares Foundation Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in April 2016, 10 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, Max Cares Foundation Inc reported income of $289k and spending of $216k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $198k to $289k (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Max Cares Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within CT. Charities of a similar size with the same main cause include Mandan Public Schools Foundation for Education ($288k), Season of Concern ($289k) and Kauai North Shore Community Foundation ($288k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 110% of the total. At year end it held assets of $260k against liabilities of $58k, net assets of $202k.