Maxcen Housing Society Inc Indiana Branch

Analysis

Maxcen Housing Society Inc Indiana Branch is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in September 2022, 4 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 Indiana Branch reported income of $59k and spending of $57k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $83k to $59k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 98% 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 Indiana Branch sits at the 13th percentile: it is larger than about 13% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 20th percentile within IN. Charities of a similar size with the same main cause include Block Island Economic Development Foundation Inc ($59k), Strawberry Leisure Homes Inc ($60k) and Collaborative Development Corporation ($59k).

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 $59k against liabilities of $57k, net assets of $2,131.