Maman Inc

Analysis

Maman Inc is a registered charity in United States, based in Fort Mill, SC. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Maman Inc reported income of $74k and spending of $11k, leaving 85% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $4,839 to $74k (+1420%), an average of +1420% a year. The sharpest change came in the year to December 2023, when income rose by 1420%. Over the whole period it spent 16% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Maman Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 35th percentile within SC. Charities of a similar size with the same main cause include Ibew Local 41 Charitable Foundation Inc ($74k), Salood Inc ($74k) and Morgante Wilson Foundation ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $72k against liabilities of $0, net assets of $72k.