Maximum Accessible Housing-Lake

Analysis

Maximum Accessible Housing-Lake is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in March 1993, 33 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 September 2023, Maximum Accessible Housing-Lake reported income of $367k and spending of $356k, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $334k to $367k (+9.8%), an average of +2.4% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Maximum Accessible Housing-Lake sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within OH. Charities of a similar size with the same main cause include Success in Challenges Inc ($367k), Horse Sense for Special Riders Inc ($367k) and Connecticut Elks Association Charities Inc ($367k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $30k (8.5% of expenses). Other salaries and wages came to $77k. At year end it held assets of $1.1m against liabilities of $1.6m, net assets of -$483k. It reported 14 employees.