Maplewood Foundation Inc

Analysis

Maplewood Foundation Inc is a registered charity in United States, based in Maplewood, NJ. It received its IRS tax-exemption ruling in March 2023, 3 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, Maplewood Foundation Inc reported income of $1.2m and spending of $237k, leaving 79% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $39k to $1.2m (+2890%), an average of +2890% a year. The sharpest change came in the year to December 2023, when income rose by 2890%. Over the whole period it spent 23% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Maplewood Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Broomfield Community Foundation ($1.2m), Jewish Federation of Greater Oklahoma City ($1.2m) and 510 Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $971k against liabilities of $23k, net assets of $948k.