Maxcen Farmers Corporation Inc

Analysis

Maxcen Farmers Corporation Inc is a registered charity in United States, based in Plantation, FL. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Maxcen Farmers Corporation Inc reported income of $92k and spending of $80k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $91k to $92k (+1.0%), an average of +1.0% a year. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Maxcen Farmers Corporation Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 38th percentile within FL. Charities of a similar size with the same main cause include Webster Dudley Food Share Inc ($92k), Freewill Advocates of Midland Inc ($92k) and Lake Mills Food Pantry Inc ($92k).

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 $5,188. At year end it held assets of $92k against liabilities of $80k, net assets of $11k.