Makarios

Analysis

Makarios is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 March 2023, Makarios reported income of $1.2m and spending of $1.2m, spending 102% of its income. Across the 5 years on record, from March 2019 to March 2023, income fell from $1.6m to $1.2m (-27%), an average of -7.7% a year. The sharpest change came in the year to March 2022, when income dropped by 20%. Over the whole period it spent 99% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Makarios sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include South Africa Development Fund Inc ($1.2m), Reaching U a Foundation for Uruguay ($1.2m) and Project Hope Worldwide ($1.2m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $25k (2.1% of expenses). Other salaries and wages came to $653k. At year end it held assets of $1.6m against liabilities of $6,471, net assets of $1.6m. It reported 10 employees.