Mays Foundation

Analysis

Mays Foundation is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Mays Foundation reported income of $682k and spending of $681k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $426k to $682k (+60%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mays Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within NE. Charities of a similar size with the same main cause include Land to Learn Inc ($682k), Southwest Vipassana Association Inc ($682k) and Connect Medical Clinic ($682k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $106k (16% of expenses). Other salaries and wages came to $280k. At year end it held assets of $35k against liabilities of $44k, net assets of -$9,554. It reported 12 employees.