Mawaka Foundation Inc

Analysis

Mawaka Foundation Inc is a registered charity in United States, based in Hudson, OH. It received its IRS tax-exemption ruling in November 2009, 17 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, Mawaka Foundation Inc reported income of $116k and spending of $441k, spending 380% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $9,109 to $116k (+1175%), an average of +89% a year. The sharpest change came in the year to December 2020, when income rose by 1391%. Over the whole period it spent 109% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mawaka Foundation Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within OH. Charities of a similar size with the same main cause include Turtleback Education Foundation ($116k), TC Open Charitable Foundation ($116k) and Grow2serve Inc ($116k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.