Christian Village Homes Inc

Analysis

Christian Village Homes Inc is a registered charity in United States, based in King, NC. It received its IRS tax-exemption ruling in May 2004, 22 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 June 2023, Christian Village Homes Inc reported income of $136k and spending of $166k, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $122k to $136k (+12%), an average of +2.8% a year. Over the whole period it spent 134% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Christian Village Homes Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NC. Charities of a similar size with the same main cause include Lancaster Housing and Neighborhood Development Services ($136k), Gardens at Wichita Place Inc ($136k) and Hempfield Apartments Inc ($136k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% and program service revenue 60% of the total. At year end it held assets of $1.1m against liabilities of $24k, net assets of $1.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.