Maru

Analysis

Maru is a registered charity in United States, based in San Leandro, CA. It received its IRS tax-exemption ruling in February 1980, 46 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 June 2023, Maru reported income of $2.7m and spending of $2.7m, spending 101% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $1.0m to $2.7m (+162%), an average of +27% a year. The sharpest change came in the year to June 2021, when income rose by 200%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Maru sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Northeast Transportation Connections ($2.7m), Society of St Vincent de Paul ($2.7m) and Kaltreider-Benfer Library ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $272k (10% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.5m against liabilities of $874k, net assets of $1.6m. It reported 28 employees.