Maven

Analysis

Maven is a registered charity in United States, based in Tustin, CA. It received its IRS tax-exemption ruling in October 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 May 2023, Maven reported income of $601k and spending of $561k, spending 93% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $309k to $601k (+95%), an average of +18% a year. The sharpest change came in the year to May 2022, when income rose by 44%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maven sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Barton House Playschool ($601k), SV Links ($602k) and Grand View Christian School Foundation Inc ($601k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 51% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $180k (32% of expenses). Other salaries and wages came to $85k. At year end it held assets of $156k against liabilities of $34k, net assets of $122k. It reported 10 employees.