Troy Neighborhood Redevelopment Corporation

Analysis

Troy Neighborhood Redevelopment Corporation is a registered charity in United States, based in Troy, NC. It received its IRS tax-exemption ruling in April 2003, 23 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 2021, Troy Neighborhood Redevelopment Corporation reported income of $122k and spending of $113k, spending 93% of its income. Across the 3 years on record, from December 2019 to December 2021, income grew from $40k to $122k (+206%), an average of +75% a year. The sharpest change came in the year to December 2021, when income rose by 309%. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Troy Neighborhood Redevelopment Corporation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NC. Charities of a similar size with the same main cause include Crossing Outreach ($122k), Accident Community Housing Corp ($122k) and Affordable Housing Group Inc ($122k).

On its Form 990 for the period ending December 2021, revenue came from program service revenue 84% of the total. At year end it held assets of $444k against liabilities of $4,700, net assets of $439k.