Fundacion MMM Inc

Analysis

Fundacion MMM Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fundacion MMM Inc reported income of $1.7m and spending of $2.1m, spending 121% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $347k to $1.7m (+396%), an average of +70% a year. The sharpest change came in the year to December 2022, when income rose by 311%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fundacion MMM Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 78th percentile within PR. Charities of a similar size with the same main cause include Call Primrose ($1.7m), St Vincent Depaul Society of Sauk Prairie-Roxbury Inc ($1.7m) and Mercy Center Ministries Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $255k. At year end it held assets of $635k against liabilities of $223k, net assets of $411k. It reported 4 employees.