Maxcen Housing Society Inc New York Branch

Analysis

Maxcen Housing Society Inc New York Branch is a registered charity in United States, based in Wyandanch, NY. It received its IRS tax-exemption ruling in April 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 Inc New York Branch reported income of $99k and spending of $86k, spending 87% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $68k to $99k (+45%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 93% 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 Inc New York Branch 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 37th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include A Giving Heart ($99k), Black Rock Ravenden Area Development Inc ($99k) and Venture Cares Options I Inc ($99k).

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 $5,300. At year end it held assets of $99k against liabilities of $86k, net assets of $13k.