Maxcen Housing Society Inc New Mexico Branch

Analysis

Maxcen Housing Society Inc New Mexico Branch is a registered charity in United States, based in Tijeras, NM. It received its IRS tax-exemption ruling in September 2022, 4 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 New Mexico Branch reported income of $71k and spending of $68k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $52k to $71k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 96% 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 New Mexico Branch sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 23rd percentile within NM. Charities of a similar size with the same main cause include Friendship Mission ($71k), Morgandale Commons Inc ($71k) and Omni Affordable Housing Inc ($71k).

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 $71k against liabilities of $68k, net assets of $2,467.