Maxcen Housing Society Inc Virginia Branch

Analysis

Maxcen Housing Society Inc Virginia Branch is a registered charity in United States, based in Hampton, VA. It received its IRS tax-exemption ruling in October 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 Virginia Branch reported income of $99k and spending of $84k, spending 85% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $84k to $99k (+17%), an average of +8.2% a year. Over the whole period it spent 89% 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 Virginia Branch sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within VA. Charities of a similar size with the same main cause include PVCDC St Andrews Apartments ($99k), Community Services Agency Elderly Housing Inc ($99k) and 1213 William Street Corporation ($99k).

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 $5,300. At year end it held assets of $99k against liabilities of $84k, net assets of $15k.