Maharat for Development

Analysis

Maharat for Development is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in March 2017, 9 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, Maharat for Development reported income of $77k and spending of $249k, spending 325% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $331k to $77k (-77%), an average of -39% a year. The sharpest change came in the year to December 2023, when income dropped by 86%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maharat for Development sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within MD. Charities of a similar size with the same main cause include Cobb Library Foundation ($77k), Marshall Music Boosters ($77k) and Ecg Robotics Incorporated ($77k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $447k against liabilities of $620k, net assets of -$173k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.