Maxcen Housing Inc North Carolina Branch

Analysis

Maxcen Housing Inc North Carolina Branch is a registered charity in United States, based in Charlotte, NC. 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 Inc North Carolina Branch reported income of $87k and spending of $81k, spending 93% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $97k to $87k (-11%), an average of -5.6% a year. The sharpest change came in the year to December 2022, when income dropped by 24%. 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 Inc North Carolina Branch sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within NC. Charities of a similar size with the same main cause include Sugarloaf Village ($87k), Serving in Grace ($87k) and Kittery Housing Corporation ($87k).

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 $87k against liabilities of $81k, net assets of $6,105.