Maddies Promise Inc

Analysis

Maddies Promise Inc is a registered charity in United States, based in Hingham, MA. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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 June 2023, Maddies Promise Inc reported income of $270k and spending of $199k, leaving 26% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $193k to $270k (+40%), an average of +40% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 61% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Maddies Promise Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within MA. Charities of a similar size with the same main cause include The Etheridge Foundation ($270k), Central Coast Pregnancy & Resourse Center ($270k) and American Association for Cancer Education ($270k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $321k against liabilities of $0, net assets of $321k.