Maxcen Housing Society Inc Rhode Island Branch

Analysis

Maxcen Housing Society Inc Rhode Island Branch is a registered charity in United States, based in Newport, RI. 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 Rhode Island Branch reported income of $76k and spending of $73k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $86k to $76k (-12%), an average of -12% a year. 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 Inc Rhode Island Branch sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 25th percentile within RI. Charities of a similar size with the same main cause include Camden 2011 Independent Living Inc ($76k), LSS Housing Hampton Inc ($76k) and Newday Management Corporation ($76k).

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 $76k against liabilities of $73k, net assets of $2,467.