Maddox J Almeida Foundation Corp

Analysis

Maddox J Almeida Foundation Corp is a registered charity in United States, based in Fall River, MA. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Maddox J Almeida Foundation Corp reported income of $98k and spending of $73k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $98k (+47%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Maddox J Almeida Foundation Corp sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 43rd percentile within MA. Charities of a similar size with the same main cause include The Inner Circle Inc ($98k), Greater Lombardo Open Foundation Inc ($98k) and Massachusetts Charter Schoolathletic Organization ($98k).

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 $63k against liabilities of $0, net assets of $63k.