Maxcen Housing Society Dc Branch
EIN: 821256585 · Washington, DC · NTEE: L40
| Metric | Value |
|---|---|
| Total Revenue | $91K |
| Total Expenses | $60K |
| Net Assets | $5K |
Is Maxcen Housing Society Dc Branch Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Maxcen Housing Society Dc Branch
Maxcen Housing Society Dc Branch (EIN: 821256585) is a nonprofit organization based in Washington, DC, classified under NTEE code L40. The organization reported total revenue of $91K and total assets of $91K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maxcen Housing Society Dc Branch's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maxcen Housing Society Dc Branch is a micro nonprofit that has been operating for 9 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -21.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $64K |
| Total Expenses | $60K |
| Surplus / Deficit | +$5K |
| Total Assets | $64K |
| Total Liabilities | $60K |
| Net Assets | $5K |
| Operating Margin | 7.4% |
| Debt-to-Asset Ratio | 92.6% |
| Months of Reserves | 13.0 months |
Financial Health Grade: A
In 2023, Maxcen Housing Society Dc Branch reported a surplus of $5K with revenue exceeding expenses, holds 13.0 months of operating reserves (strong position), has a debt-to-asset ratio of 92.6% (high leverage).
Financial Trends
Over 2 years of filings (2022–2023), Maxcen Housing Society Dc Branch's revenue has declined at a compound annual growth rate (CAGR) of -21.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.8% | -24.1% | -21.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Maxcen Housing Society Dc Branch has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Maxcen Housing Society Dc Branch with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5K, with revenue exceeding expenses.
- Debt-to-asset ratio: 92.6%.
Frequently Asked Questions about Maxcen Housing Society Dc Branch
Is Maxcen Housing Society Dc Branch a legitimate charity?
Maxcen Housing Society Dc Branch (EIN: 821256585) is a registered tax-exempt nonprofit based in Washington DC. It has 2 years of IRS 990 filings on record. Total revenue: $91K. No red flags identified. Financial health grade: A.
How does Maxcen Housing Society Dc Branch spend its money?
Maxcen Housing Society Dc Branch reported $91K in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Maxcen Housing Society Dc Branch tax-deductible?
Maxcen Housing Society Dc Branch is registered as a tax-exempt nonprofit (EIN: 821256585). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Maxcen Housing Society Dc Branch located?
Maxcen Housing Society Dc Branch is headquartered in Washington, Washington DC and files with the IRS under EIN 821256585. It is classified under NTEE code L40.
How many years of IRS 990 filings does Maxcen Housing Society Dc Branch have?
Maxcen Housing Society Dc Branch has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $91K in total revenue.
Filing History
IRS 990 filing history for Maxcen Housing Society Dc Branch showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Maxcen Housing Society Dc Branch's revenue has declined by 21.8%, moving from $83K to $64K. Total assets decreased by 21.8% over the same period, from $83K to $64K. Total functional expenses fell by 24.1%, from $79K to $60K. In its most recent filing year (2023), Maxcen Housing Society Dc Branch reported a surplus of $5K, with revenue exceeding expenses. The organization holds $60K in liabilities against $64K in assets (debt-to-asset ratio: 92.6%), resulting in net assets of $5K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $64K | $60K | $64K | $60K | — | — |
| 2022 | $83K | $79K | $83K | $79K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maxcen Housing Society Dc Branch:
Data Sources and Methodology
This transparency report for Maxcen Housing Society Dc Branch is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.