Max Cares Foundation Inc
Only null% goes to programs Growing revenue
Max Cares Foundation Inc is a 501(c)(3) organization based in Hartford, Connecticut, registered in 2016, with $330,907 in FY2024 revenue. CharityIndex grades it C+.
249 Pearl Street, Hartford, CT, 06103 EIN 47-4568220 Since 2016
Revenue (FY2024)
$331K
▲ 14.7% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$401K
Net assets
$132K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Max Cares Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating4 mo reserves · -21% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Max Cares Foundation Inc: 4 mo reserves · -21% margin earns a C+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Max Cares Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Max Cares Foundation Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 249 Pearl Street, Hartford, CT, 06103
- City
- Hartford
- State
- Connecticut
- Subcategory
- Public Foundations
- Website
- …
Financial trends
Revenue grew from $197K (FY2015) to $331K (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $79KNet assets $132K
Operating margin
-21.2%
Spent more than it raised in the latest fiscal year.
Total assets
$211K
Total liabilities
$79K
Net assets
$132K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $330,907▲14.7% | $400,949▲85.4% | $132,333▼34.6% | $211,354▼18.8% | 990 |
| 2023 | $288,572▲9.7% | $216,223▼29.3% | $202,375▲55.6% | $260,291▲62.7% | 990 |
| 2022 | $262,975▲60.1% | $305,767▲86.8% | $130,026▼24.8% | $159,982▼19.5% | 990 |
| 2021 | $164,280▲23.3% | $163,678▲1.7% | $172,818▲0.3% | $198,651▲4.9% | 990 |
| 2020 | $133,277▼32.7% | $160,999▼22.7% | $172,216▼13.9% | $189,416▼10.5% | 990 |
| 2019 | $197,892▼1.4% | $208,300▲37.6% | $199,938▼4.9% | $211,588▼2.2% | 990 |
| 2018 | $200,763▼7.3% | $151,334▲40.2% | $210,346▲30.7% | $216,332▲30.7% | 990 |
| 2017 | $216,619▲17.9% | $107,939▼25.7% | $160,917▲208% | $165,476▲216% | 990 |
| 2016 | $183,780▼6.5% | $145,338▼20.5% | $52,237▲279% | $52,337▲230% | 990 |
| 2015 | $196,573 | $182,778 | $13,795 | $15,870 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $122K total
13 grants to Max Cares Foundation Inc totaling $122K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Hartford Hospital | The max cares foundation's mission is to provide financial assistance to non-profit educational and charitable organizations in the greater hartford community. the foundation has established a scholarship program for graduating seniors who intend to pursue careers in the hospitality and/or culinary fields. | 2023 | $17,500 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $6,900 |
| Hartford Hospital | The max cares foundation's mission is to provide financial assistance to non-profit educational and charitable organizations in the greater hartford community. the foundation has established a scholarship program for graduating seniors who intend to pursue careers in the hospitality and/or culinary fields. | 2022 | $6,633 |
| Hartford Hospital | The max cares foundation's mission is to provide financial assistance to non-profit educational and charitable organizations in the greater hartford community. the foundation has established a scholarship program for graduating seniors who intend to pursue careers in the hospitality and/or culinary fields. | 2021 | $17,000 |
| Pharmaceutical Research and Manufacturers of America | General contribution | 2020 | $8,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2020 | $7,000 |
| Pharmaceutical Research and Manufacturers of America | General contribution | 2019 | $8,000 |
| Trinity Health of New England Corporation Inc | Furthering the vision of its founder to assist individuals | 2018 | $12,500 |
| Pharmaceutical Research and Manufacturers of America | General contribution | 2018 | $8,000 |
| Saint Francis Hospital and Medical Center | Support individuals from all walks of life | 2017 | $9,000 |
| Pharmaceutical Research and Manufacturers of America | General contribution | 2017 | $8,000 |
| Pharmaceutical Research and Manufacturers of America | General contribution | 2016 | $8,000 |
| Saint Francis Hospital and Medical Center | Support individuals from all walks for life | 2016 | $5,500 |
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Frequently asked questions
- Is Max Cares Foundation Inc a legitimate nonprofit?
- Yes. Max Cares Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 47-4568220, based in Hartford, Connecticut. Donations are tax-deductible.
- What is Max Cares Foundation Inc's EIN?
- Max Cares Foundation Inc's Employer Identification Number (EIN) is 47-4568220.
- How much revenue does Max Cares Foundation Inc report?
- Max Cares Foundation Inc reported $330,907 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Max Cares Foundation Inc have?
- CharityIndex grades Max Cares Foundation Inc C+, based on financial health (reserves and operating margin).
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Data for Max Cares Foundation Inc (EIN 47-4568220) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.