Maverick Foundation

Analysis

Maverick Foundation is a registered charity in United States, based in Bridgewater, NJ. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Maverick Foundation reported income of $51k and spending of $28k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $84k to $51k (-40%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 185%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maverick Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 26th percentile within NJ. Charities of a similar size with the same main cause include Las Vegas Collegiate ($51k), Mason-Dixon Homeschoolers ($51k) and Powdersville Elementary Ptso ($51k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $542k against liabilities of $100, net assets of $541k.