Maxcen Housing Society Inc Tennessee Branch

Analysis

Maxcen Housing Society Inc Tennessee Branch is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in December 2021, 5 years ago. 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 Tennessee Branch reported income of $93k and spending of $87k, spending 94% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $65k to $93k (+42%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 47%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Maxcen Housing Society Inc Tennessee Branch sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within TN. Charities of a similar size with the same main cause include PTA Tennessee Congress of Parents & Teachers Inc ($93k), PTA California Congress of Parents Teachers & Students Inc ($93k) and Whit Davis Memorial Center Inc ($93k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $5,000 (5.7% of expenses). At year end it held assets of $93k against liabilities of $87k, net assets of $5,869.