Maxcen Housing Society Puerto Rico Branch Inc

Analysis

Maxcen Housing Society Puerto Rico Branch Inc is a registered charity in United States, based in Fajardo, PR. It received its IRS tax-exemption ruling in July 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 Puerto Rico Branch Inc reported income of $97k and spending of $91k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $65k to $97k (+51%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 82%. 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 Puerto Rico Branch Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 25th percentile within PR. Charities of a similar size with the same main cause include Maxcen Housing Society Pennsylvania Branch Inc ($97k), Fellowship Apartments Inc ($97k) and Hilltop Senior Citizens Corporation ($97k).

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 $97k against liabilities of $91k, net assets of $6,187.