Maitri

Analysis

Maitri is a registered charity in United States, based in Santa Clara, CA. It received its IRS tax-exemption ruling in May 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Maitri reported income of $2.3m and spending of $1.8m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $2.3m (+97%), an average of +18% a year. The sharpest change came in the year to June 2020, when income rose by 55%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Maitri sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Friends of Kids with Cancer Inc ($2.3m), Hero House ($2.3m) and Options for Independent Living Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $164k (9.3% of expenses). Other salaries and wages came to $878k. At year end it held assets of $7.1m against liabilities of $2.1m, net assets of $5.0m. It reported 21 employees.