Higher Living Inc

Analysis

Higher Living Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in April 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Higher Living Inc reported income of $279k and spending of $276k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $264k to $279k (+5.5%), an average of +1.4% a year. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Higher Living Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within NC. Charities of a similar size with the same main cause include United Church Residences of Holly Springs Mississippi Inc ($279k), Family Promise of Greater Kingsport ($279k) and Cabrini Green Lac Community Development Corporation ($279k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $40k (14% of expenses). Other salaries and wages came to $13k. At year end it held assets of $765k against liabilities of $174k, net assets of $591k. It reported 3 employees.