Maxcen Housing Society DC Branch

Analysis

Maxcen Housing Society DC Branch is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 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 DC Branch reported income of $64k and spending of $60k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $83k to $64k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 94% 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 DC Branch sits at the 14th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 13th percentile within DC. Charities of a similar size with the same main cause include Blues -N- BBQ for Better Housing Foundation ($64k), Visatation Conference St Vincent Depaul Society ($64k) and Mosaic Housing Corp XX - Garden City ($64k).

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 $64k against liabilities of $60k, net assets of $4,798.