Maxcen Housing Society

Analysis

Maxcen Housing Society is a registered charity in United States, based in Plantation, FL. It received its IRS tax-exemption ruling in March 2017, 9 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 (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 Housing Society reported income of $237k and spending of $178k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $95k to $237k (+149%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 109%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Maxcen Housing Society sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within FL. Charities of a similar size with the same main cause include Red Lion Inn Inc ($236k), Silver Meadow Inc ($237k) and Bradley Homes for the Elderly No 4 ($236k).

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 $7,000. At year end it held assets of $237k against liabilities of $178k, net assets of $58k.