The Maestro Foundation

Analysis

The Maestro Foundation is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in March 1985, 41 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Maestro Foundation reported income of $464k and spending of $413k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $513k to $464k (-9.4%), an average of -2.5% a year. The sharpest change came in the year to December 2022, when income rose by 55%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Maestro Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Ajkun Ballet Theatre Inc ($464k), Henager Family Museum Henagers Memories & Nostalgia ($464k) and General Society of Colonial Wars ($464k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% of the total. Compensation of current officers, directors and key employees was $86k (21% of expenses). Other salaries and wages came to $85k. At year end it held assets of $5.3m against liabilities of $355k, net assets of $4.9m. It reported 10 employees.