Maximumgood INC FY2022 filing

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EIN 83-0374559 Public charity (501(c)(3)) Watertown, MA NTEE A30
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2024
Revenue
$-114K
FY2022▼ -110%
Expenses
$87K
FY2022▼ -26%

Form 990 for the fiscal year ending May 2022 (IRS tax year 2021).


Publishes websites, encourages philanthropy, and provides tools to support and engage with nonprofits. For fiscal year 2022 it reported $-114K in revenue, $87K in expenses, and $3.5M in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Watertown, MA
Website
maximumgood.org
Filings
5 on file (2020–2022)
Revenue
$-114KFY2022
Expenses
$87K
Net assets
$3.5M
People
5
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Provided by the organization

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Size
<$100K
What they do
Publishes websites, encourages philanthropy, and provides tools to support and engage with nonprofits.
Leadership
Ruthann Smith · Board Member
Money in and out
$-114K revenue, $87K expenses
Bottom line
94% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

WARNING

Last filed FY2023 — 3 yrs ago

Most recent Form 990 on file is for fiscal year 2023 (3 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

1 funder — Vanguard Charitable Endowment Program

1 distinct foundation funder(s) on file, $10K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

94% to programs

94% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

<$100K · ↓ -110% vs prior year

Revenue band <$100K, -110% versus the prior filing year (down). See detail →

Where the money goes · FY2022
Total revenue
$-114K
Pt VIII · Ln 12
Total expenses
$87K
Pt IX · Ln 25
Net assets
$3.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$201K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.06 Fundraising $0.01
Program efficiency
94%
of spending reaches programs
Operating runway
472.1mo
months of highly liquid reserves at operating expense rate
Goes to people
0%
of spending is salaries & benefits

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Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$3.5M
FY2022▼ -22%
Total liabilities
$2K
FY2022▼ -55%
Revenue less expensesPt I · Ln 19−$201K
Total assetsPt X · Ln 16$3.5M
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CMaximumgood INC
EINHdr · item D83-0374559
Principal addressHdr · item CWatertown, MA
WebsiteHdr · item Jmaximumgood.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A30)
Ruling yearIRS BMFJun 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member and Executive Director (any Pay Is Related to Work as Executive Director)
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Maximumgood INC executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $82K of program spending, described in the organization's own filed words · FY2021.
01

Published over 900 editions of information on subjects of interest and use to individuals and to the public, including philanthropy, nonprofits, human rights, world affairs, the environment, global poverty, science, health, technology and education. Most editions included text, audio clips, photos and videos.

$82Kprogram expense

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Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.06 Fundraising $0.01
Program services94%$82K
Management & general6%$5K
Fundraising1%$458
Total functional expensesLn 25$87K

Balance Sheet

Part X · end of year
CashLn 1$15K
Total assetsLn 16$3.5M
Total liabilitiesLn 26$2K
Total net assetsLn 32$3.5M
Months of cash on handcomputed2.0

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.4M · Operating expenses/yr $87K
472.1 months
Where the money goes
Program services
Program services $82K · Total expenses $87K
94%
Management & General
Management & general $5K · Total expenses $87K
6%
Fundraising
Fundraising $458 · Total expenses $87K
0.5%
Cost to raise $1
Fundraising expense (3-yr avg) $540 · Solicited contributions (3-yr avg) $138K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $131K · Total revenue $-114K
—
Government reliance
Government grants $0 · Total revenue $-114K
—
Earned-income share
Program service revenue $0 · Total revenue $-114K
—
Investment reliance
Investment income $-245K · Total revenue $-114K
—
Program self-sufficiency
Program service revenue $0 · Total expenses $87K
0%
Growth & trend
Revenue growth (YoY)
This year $-114K · Prior year $1.1M
-110%
Net-asset trend (YoY)
End of year $3.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $-114K · Expenses $87K
—
Liabilities-to-Assets
Total liabilities — · Total assets $3.5M
—
Net-asset ratio
Net assets $3.5M · Total assets $3.5M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $3.4M · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $3.5M
98%
People & payroll
Highest Reported Total Compensation
Individual Ruthann Smith · Reported title Board Member · Highest reported compensation $0 · Total expenses $87K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $87K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 94%——
Overhead ratio 6%——
Fundraising cost ratio 0.3%——
Revenue growth -110%——
Investment management fee ratio 0.01%——
Legal fee ratio 0%——
Accounting fee ratio 0%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$10K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$-34K revenue · ⤓ 990 PDF
FY2023$-848K revenue · ⤓ 990 PDF
FY2022$-114K revenue · viewing · ⤓ 990 PDF
FY2021$1.1M revenue · ⤓ 990 PDF
FY2020$2.5M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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