Mascarenas Foundation

Analysis

Mascarenas Foundation is a registered charity in United States, based in El Paso, TX. It received its IRS tax-exemption ruling in July 2001, 25 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, Mascarenas Foundation reported income of $161k and spending of $150k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $226k to $161k (-29%), an average of -8.1% a year. The sharpest change came in the year to December 2022, when income rose by 151%. Over the whole period it spent 113% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mascarenas Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within TX. Charities of a similar size with the same main cause include Point Clear Charities Inc ($161k), Simsbury Community Television Inc Eno Memorial Hall ($161k) and Clark Family Charity ($161k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $37k (25% of expenses). Other salaries and wages came to $9,000. At year end it held assets of $59 against liabilities of $58k, net assets of -$58k.