Mara Foundation

Analysis

Mara Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Mara Foundation reported income of $633k and spending of $683k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $575k to $633k (+10%), an average of +10% a year. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mara Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include American Clock & Watch Museum Inc ($632k), Stage Right Inc ($633k) and Nineteenth Century Charitable Association ($632k).

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 $11k against liabilities of $0, net assets of $11k.