Mac Foundation

Analysis

Mac Foundation is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in February 2022, 4 years ago. 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, Mac Foundation reported income of $64k and spending of $50k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $45k to $64k (+42%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mac Foundation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within NE. Charities of a similar size with the same main cause include Brothers and Sisters of Love ($64k), Lithuanian Cultural Center of Phila Delphia ($64k) and Cascade Orienteering Club ($64k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 27% of the total. At year end it held assets of $36k against liabilities of $2,950, net assets of $34k.