Maxcen Harmers Corporation Mississippi Branch Inc

Analysis

Maxcen Harmers Corporation Mississippi Branch Inc is a registered charity in United States, based in Madison, MS. It received its IRS tax-exemption ruling in December 2022, 4 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 (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, Maxcen Harmers Corporation Mississippi Branch Inc reported income of $62k and spending of $58k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $53k to $62k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Maxcen Harmers Corporation Mississippi Branch Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within MS. Charities of a similar size with the same main cause include Hands and Feet of Asheville ($62k), To Gods Glory Inc ($62k) and Hopealive268 Inc ($62k).

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 $5,160. At year end it held assets of $62k against liabilities of $58k, net assets of $3,821.