Maef Real Estate Holdings Inc

Analysis

Maef Real Estate Holdings Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Maef Real Estate Holdings Inc reported income of $186k and spending of $179k, spending 96% of its income. Across the 3 years on record, from September 2021 to September 2023, income fell from $205k to $186k (-9.3%), an average of -4.7% a year. The sharpest change came in the year to September 2022, when income rose by 265%. Over the whole period it spent 34% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Maef Real Estate Holdings Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 53rd percentile within AL. Charities of a similar size with the same main cause include Better Business Bureau Foundation ($186k), Downtown Kingsport Association Inc ($186k) and Urban Chamber Community Development Corporation ($186k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $4.2m against liabilities of $3.4m, net assets of $758k.