2022 Financials

2022 Revenue Amount Percentage
In-kind pharmaceutical contribution* $307,241,383 96.3%
Contributions, grants & sponsorships $11,539,837 3.6%
Diagnostic program revenue $317,805 0.1%
Other Income $4,252 0%
Total $319,103,277 100.0%
2022 Expenses Amount Percentage
Program expense $7,844,916 2.1%
Program in-kind expenses* $365,352,278 97.2%
Management & general $1,861,527 0.5%
Fundraising expenses $691,527 0.2%
Total $375,750,248 100%
Valuation of Gifts-In-Kind

*The Organization recognizes in-kind contributions consisting of pharmaceuticals, medical devices and related products. These goods are recorded as inventory and revenue at fair value at the time received and as a reduction to inventory and program expense when the goods are distributed. Pharmaceutical inventory is released using a specific identification method based on expiration date and is reviewed at least annually for impairment. Pharmaceutical inventory is disposed and written off as obsolete when it is determined the pharmaceutical cannot be imported into a specific country of destination with shelf‐life sufficient to comply with local importation regulations and the Organization’s own guidelines.

 

2022 Financial Documents

2022 annual report thumbnail2022 Annual Report
2022 Consolidated Financial Statements
2022 Form 990 (The Max Foundation)
2022 Form 990 (MaxAid)

 

 

Previous Financials

2021 annual report2021

2021 Annual Report
2021 Consolidated Financial Statements
2021 Form 990 (The Max Foundation)
2021 Form 990 (MaxAid)

 

 

2020 

2020 was unlike any year in our history. See how we faced unprecedented times with courage and hope.

2020 Annual Report2020 Consolidated Financial Statements (PDF) | 2020 Form 990 (The Max Foundation) (PDF) | 2020 Form 990 (MaxAid) (PDF)

 

2019

2019 Annual Report | 2019 Financial Statements (PDF) | 2019 Form 990 (The Max Foundation) (PDF) | 2019 Form 990 (MAXAID) (PDF)

2018

2018 Annual Report | 2018 Consolidated Financial Statements (PDF) | 2018 Form 990 (The Max Foundation) (PDF) | 2018 Form 990 (MAXAID) (PDF)

2017

2017 Annual Report (PDF)| 2017 Consolidated Financial Statements (PDF) | 2017 Form 990 (PDF)

2016

2016 Annual Report | 2016 Consolidated Financial Statements (PDF)

2015

2015 Annual Report

2014

2014 Annual Report (PDF)

The Max Foundation is committed to transparency, ethical accounting, and donor stewardship. The Max Foundation is a US registered 501(c)(3) non-profit organization. Donations to The Max Foundation are tax-deductible to the extent permitted by the law. Our fiscal year runs January through December and we post our audited financials and annual report during the summer of the following year.