Maclay School Foundation Inc

Analysis

Maclay School Foundation Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in January 1978, 48 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Maclay School Foundation Inc reported income of $317k and spending of $28k, leaving 91% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income fell from $454k to $317k (-30%), an average of -8.6% a year. The sharpest change came in the year to July 2022, when income rose by 1255%. Over the whole period it spent 11% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Maclay School Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Hollis Adams Foundation Inc ($317k), Sisters of the Immaculate Heart of Mary of Mirinae ($317k) and Marstons Mills Public Library Inc ($317k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 43% of the total. At year end it held assets of $9.8m against liabilities of $250k, net assets of $9.5m.