Maydm Inc

Analysis

Maydm Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in February 2016, 10 years ago. 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, Maydm Inc reported income of $894k and spending of $803k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $527k to $894k (+70%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Maydm Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within WI. Charities of a similar size with the same main cause include Herkimer County College Foundation Inc ($894k), Rutherford Institute ($894k) and Brazos Valley Symphony Society ($894k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $138k (17% of expenses). Other salaries and wages came to $367k. At year end it held assets of $1.2m against liabilities of $322k, net assets of $847k. It reported 20 employees.