Overview

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Est.

2019

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

The MAAFA Redemption Project is a faith-based residential institute located in West Garfield Park, Chicago, IL, dedicated to serving high-risk young men. With an operating budget of $2 million and total revenue of $2.3 million, the organization focuses on enhancing the quality of life for young men and fostering community development. It does not rely on a single funder for 50% or more of its revenue.

Mission Statement

The MAAFA Redemption Project is a faith based residential institute serving high risk young men in west Garfield Park Chicago, IL. Its purpose is to invest in young men, enhance their quality of life, and develop the communities in which they live.
Revenues
$2.3M
Expenses
$2M
Net Income:
+$281.8K
Assets
$2.2M
Liabilities
$684.4K
Net Assets:
+$1.5M
Operating Budget
$2M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
12
Median grant size
$87.5K
Largest grant received
$874.5K
M
Marshall Hatch Jr
Board Member
T
Timothy Ervin
Board Member
W
Warren Riley
Board Member

Frequently Asked Questions

What is MAAFA Redemption Project’s budget?
In 2024, MAAFA Redemption Project reported an annual operating budget of around $2 million. More detailed financial information is available to registered users.
What causes does MAAFA Redemption Project support?
MAAFA Redemption Project supports work in Community improvement.
Where does MAAFA Redemption Project operate?
MAAFA Redemption Project is headquartered in Chicago, IL.
Who funded MAAFA Redemption Project recently?
In 2024, MAAFA Redemption Project received grants from BUILD INC, We Raise Foundation, and Silicon Valley Community Foundation. More information on this organization’s funders is available to registered users.
What is the largest grant MAAFA Redemption Project received in 2024?
The largest grant to MAAFA Redemption Project in 2024 exceeds $875 thousand.
What is MAAFA Redemption Project’s reliance on government grants?
MAAFA Redemption Project relied on government grants for more than 10% of their total revenue in 2024.