Maxcen Housing Society Inc Texas Branch

Analysis

Maxcen Housing Society Inc Texas Branch is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in August 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 Texas Branch reported income of $95k and spending of $83k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $92k to $95k (+3.1%), an average of +3.1% a year. Over the whole period it spent 91% 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 Texas Branch sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 38th percentile within TX. Charities of a similar size with the same main cause include Office of People ($95k), Ric Redbud Apartments ($95k) and Ellett Road Apartments Corporation ($95k).

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 $3,300. At year end it held assets of $95k against liabilities of $83k, net assets of $11k.