Mayfaire Medical Inc

Analysis

Mayfaire Medical Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Mayfaire Medical Inc reported income of $807k and spending of $834k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $530k to $807k (+52%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mayfaire Medical Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Abc Infantil Inc ($807k), Pinehaven Youth and Family Services Inc ($807k) and Centro Esperanza Inc ($807k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $296k (35% of expenses). It paid $500 in professional fundraising fees. At year end it held assets of $268k against liabilities of $0, net assets of $268k. It reported 15 employees.