Maxcen Housing Society Inc Michigan Branch

Analysis

Maxcen Housing Society Inc Michigan Branch is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover food, agriculture and nutrition, 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).

In the financial year ending December 2023, Maxcen Housing Society Inc Michigan Branch reported income of $61k and spending of $54k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $61k (+9.6%), an average of +9.6% a year. Over the whole period it spent 92% 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 Michigan Branch sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 23rd percentile within MI. Charities of a similar size with the same main cause include Makoti Threshers Association ($61k), Westerville Caring and Sharing ($61k) and Independent Living Horizons Three Inc ($61k).

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 $5,200. At year end it held assets of $61k against liabilities of $54k, net assets of $6,223.