Alabama Nonprofit Housing Inc

Analysis

Alabama Nonprofit Housing Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in September 2007, 19 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, Alabama Nonprofit Housing Inc reported income of $924k and spending of $921k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $73k to $924k (+1158%), an average of +88% a year. The sharpest change came in the year to December 2020, when income rose by 1110%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Alabama Nonprofit Housing Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include Villa Caridad ($924k), Willow Arms Mutual Housing Association Inc ($924k) and Portland Disciples Housing Inc ($923k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.5% of the total. Other salaries and wages came to $293k. At year end it held assets of $1.3m against liabilities of $565k, net assets of $732k. It reported 7 employees.