Housing Consultants Group

Analysis

Housing Consultants Group is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Housing Consultants Group reported income of $1.8m and spending of $1.8m, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $417k to $1.8m (+343%), an average of +64% a year. The sharpest change came in the year to December 2021, when income rose by 381%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Housing Consultants Group sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Sprout Urban Farms Inc ($1.8m), Ferst Readers Inc ($1.8m) and Teens for Food Justice Inc ($1.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 83% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $112k (6.1% of expenses). Other salaries and wages came to $308k. At year end it held assets of $659k against liabilities of $375k, net assets of $283k. It reported 11 employees.