Madres de Casino RD Foundation

Analysis

Madres de Casino RD Foundation is a registered charity in United States, based in Everett, WA. It received its IRS tax-exemption ruling in September 2022, 4 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, Madres de Casino RD Foundation reported income of $395k and spending of $461k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $530k to $395k (-25%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Madres de Casino RD Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within WA. Charities of a similar size with the same main cause include Cherokee County Educational Foundation Inc ($395k), Aamva Region II Inc ($395k) and Region VII Headstart Association Inc ($395k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $64k (14% of expenses). It paid $2,000 in professional fundraising fees. At year end it held assets of $186k against liabilities of $25k, net assets of $160k. It reported 2 employees.