Maxcen Housing Society Inc South Carolina Branch

Analysis

Maxcen Housing Society Inc South Carolina Branch is a registered charity in United States, based in Surfside BCH, SC. It received its IRS tax-exemption ruling in June 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 South Carolina Branch reported income of $88k and spending of $87k, spending 99% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $69k to $88k (+26%), an average of +8.1% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 92% 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 South Carolina Branch sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 39th percentile within SC. Charities of a similar size with the same main cause include Kateri House Housing Association ($88k), Southern Virginia Development Corporation Inc ($88k) and PCR House Inc ($88k).

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 $88k against liabilities of $87k, net assets of $582.