Maarif Foundation USA

Analysis

Maarif Foundation USA is a registered charity in United States, based in Bloomfield, NJ. It received its IRS tax-exemption ruling in August 2018, 8 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 August 2024, Maarif Foundation USA reported income of $7.0m and spending of $3.6m, leaving 48% of income unspent that year. Across the 6 years on record, from August 2019 to August 2024, income grew from $1.8m to $7.0m (+280%), an average of +31% a year. The sharpest change came in the year to August 2022, when income rose by 107%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Maarif Foundation USA sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Greenwave Organization Corp ($7.0m), Southgate Academy Inc ($7.0m) and American Trust 33-11272-66 33-11512-98 Fbo ($7.0m).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 85% and program service revenue 15% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $12.4m against liabilities of $4.1m, net assets of $8.3m.