The Max Foundation

Analysis

The Max Foundation is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, The Max Foundation reported income of $7.1m and spending of $6.9m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $59.9m to $7.1m (-88%), an average of -41% a year. The sharpest change came in the year to December 2020, when income dropped by 83%. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Max Foundation 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 94th percentile, and in the 95th percentile within WA. Charities of a similar size with the same main cause include Cheyenne Center Inc ($7.1m), Bucktail Medical Center ($7.1m) and Health Career Connection Inc ($7.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $813k (12% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $2.6m against liabilities of $259k, net assets of $2.4m. It reported 27 employees.