Mae House

Analysis

Mae House is a registered charity in United States, based in Costa Mesa, CA. It received its IRS tax-exemption ruling in November 2016, 10 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, Mae House reported income of $567k and spending of $408k, leaving 28% of income unspent that year. Across the 6 years on record, from September 2019 to December 2023, income grew from $170k to $567k (+233%), an average of +27% a year. The sharpest change came in the year to December 2019, when income rose by 94%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mae House sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Cornerstone Village Inc ($567k), Transformation Montgomery Inc ($567k) and Village East Senior Housing Association ($567k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% of the total. Compensation of current officers, directors and key employees was $27k (6.7% of expenses). Other salaries and wages came to $216k. At year end it held assets of $645k against liabilities of $2,636, net assets of $642k. It reported 14 employees.