Maof Properties Inc

Analysis

Maof Properties Inc is a registered charity in United States, based in Montebello, CA. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Maof Properties Inc reported income of $647k and spending of $213k, leaving 67% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $597k to $647k (+8.4%), an average of +2.7% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 25% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Maof Properties Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Michigan Itinerant Shelter Sytem Interdependent Out of Necessity ($647k), Massachusetts Fair Housing Center Inc ($647k) and Blackstone Housing Corporation Joseph D Early Village ($647k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $26k (12% of expenses). At year end it held assets of $7.1m against liabilities of $534k, net assets of $6.6m.