Maiya Inc

Nonprofit profile at a glance

EIN
872112280
IRS 990-EZ coverage
2021–2023
Forms available
Form 990-EZ 2023
Location
Allston, MA, USA
Phone
6177515129
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Philanthropy, Charity, Voluntarism Promotion

Reported finances

Revenue
$453
Expenses
$788
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • REGINA BANOEY (PRESIDENT)

People named in this filing

  • REGINA BANOEY (PRESIDENT)
  • STEPHEN WHALEN (SECRETARY)
  • SANGYE SHERPA (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The corporation is organized exclusively for charitable and educational purposes within the meaning of section 501(c)(3) of the internal revenue code and chapter 180 of the Massachusetts general laws, including: to support and educate children around the world, particularly in poor and rural communities, and to provide grant funding to other charitable organizations for the purposes of supporting and educating children and to conduct such other activities and programs in furtherance of the foregoing purposes as may be carried out by a corporation organized under Massachusetts general laws chapter 180 and described in section 501(c)(3) of the internal revenue code, or the corresponding section of any future tax code.

What it reported doing in 2023

The corporation is organized exclusively for charitable and educational purposes within the meaning of section 501(c)(3) of the internal revenue code and chapter 180 of the Massachusetts general laws, including: to support and educate children around the world, particularly in poor and rural communities, and to provide grant funding to other charitable organizations for the purposes of supporting and educating children and to conduct suchother activities and programs in furtherance of the foregoing purposes as may be carried out by a corporation organized under Massachusetts general laws chapter 180 and described in section 501(c)(3) of the internal revenue code, or the corresponding section of any future tax code.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 12
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -74%; rating input score 10; 10th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 34.5% per year; rating input score 100; 88th percentile among comparable filings
  • Revenue growth: -46.4% per year; rating input score 0; 7th percentile among comparable filings
  • Asset growth: -143.2% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $788 in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2021 to 2023
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 10/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.