Mumas Renaciendo Corp

Analysis

Mumas Renaciendo Corp is a registered charity in United States, based in Hatillo, PR. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mumas Renaciendo Corp reported income of $122k and spending of $118k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $79k to $122k (+53%), an average of +54% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mumas Renaciendo Corp sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 29th percentile within PR. Charities of a similar size with the same main cause include Alms International Ministries ($122k), New England Center for Family Connection Inc ($122k) and Nutrition and Fitness Educationinitiative Inc ($122k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 55% of the total. At year end it held assets of $86k against liabilities of $2,465, net assets of $83k.