Joseph Maffeo Foundation Inc

Analysis

Joseph Maffeo Foundation Inc is a registered charity in United States, based in Holmdel, NJ. It received its IRS tax-exemption ruling in July 2004, 22 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Joseph Maffeo Foundation Inc reported income of $210k and spending of $176k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $236k to $210k (-11%), an average of -11% a year. Over the whole period it spent 116% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Joseph Maffeo Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 62nd percentile within NJ. Charities of a similar size with the same main cause include Twst4girls ($210k), Bengal Touchdown Club ($210k) and Pink Flamingo Classic Inc ($210k).

Other salaries and wages came to $20k. At year end it held assets of $59k against liabilities of $0, net assets of $59k.