Mace Foundation

Analysis

Mace Foundation is a registered charity in United States, based in North Richland Hills, TX. It received its IRS tax-exemption ruling in January 2021, 5 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 2022, Mace Foundation reported income of $168k and spending of $235k, spending 140% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $305k to $168k (-45%), an average of -45% a year. The sharpest change came in the year to December 2022, when income dropped by 45%. 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, Mace Foundation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Nehemiah Project Covenant of Love ($168k), Centro Hispano de Frederick Inc ($168k) and Monroe Senior and Community Center ($168k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $90k. At year end it held assets of $40k against liabilities of $1,754, net assets of $39k. It reported 1 employees.