Maravilla Foundation

Analysis

Maravilla Foundation is a registered charity in United States, based in Commerce, CA. It received its IRS tax-exemption ruling in May 2018, 8 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 December 2023, Maravilla Foundation reported income of $16.6m and spending of $16.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.2m to $16.6m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Maravilla Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Quality Childrens Services ($16.6m), Food Research & Action Center Inc ($16.6m) and Reginald S Lourie Center for Infants and Young Children ($16.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $7.0m. At year end it held assets of $17.3m against liabilities of $1.4m, net assets of $15.9m. It reported 170 employees.