Madera Opportunities for Resident Enrichment and Services Inc

Analysis

Madera Opportunities for Resident Enrichment and Services Inc is a registered charity in United States, based in Merced, CA. It received its IRS tax-exemption ruling in August 2001, 25 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 June 2023, Madera Opportunities for Resident Enrichment and Services Inc reported income of $1.4m and spending of $238k, leaving 83% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $729k to $1.4m (+94%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 2134%. Over the whole period it spent 42% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Madera Opportunities for Resident Enrichment and Services Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Family Resources of Rutherford County Inc ($1.4m), Family Service Agency of Burbank ($1.4m) and Alonzo a Daughtry Memorial Day Care Center ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.4m against liabilities of $401k, net assets of $2.0m.