Machon Inc

Analysis

Machon Inc is a registered charity in United States, based in Pikesville, MD. It received its IRS tax-exemption ruling in April 2020, 6 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 December 2023, Machon Inc reported income of $170k and spending of $219k, spending 129% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $233k to $170k (-27%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Machon Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within MD. Charities of a similar size with the same main cause include Farragut Primary School PTO ($170k), Lower Dauphin Falcon Foundation Inc ($170k) and Parent Booster USA Inc ($170k).

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 $8,410 (3.8% of expenses). Other salaries and wages came to $96k. At year end it held assets of $7,872 against liabilities of $21k, net assets of -$13k. It reported 4 employees.