Maxcen Housing Society Inc Ohio Branch

Analysis

Maxcen Housing Society Inc Ohio Branch is a registered charity in United States, based in Euclid, OH. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Ohio Branch reported income of $65k and spending of $63k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $99k to $65k (-34%), an average of -34% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Maxcen Housing Society Inc Ohio 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 26th percentile, and in the 26th percentile within OH. Charities of a similar size with the same main cause include Andrews Food Pantry Inc ($65k), Penn Station Community Center ($65k) and Covington Lions Club Inc ($65k).

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 $65k against liabilities of $63k, net assets of $2,198.