Greensboro United Methodist Housing Inc

Analysis

Greensboro United Methodist Housing Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in October 1974, 52 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, Greensboro United Methodist Housing Inc reported income of $841k and spending of $735k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $617k to $841k (+36%), an average of +8.1% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Greensboro United Methodist Housing Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Salem Inc ($841k), Freedom House Ministries Inc ($841k) and Housing Corporation of Arlington ($840k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 28% of the total. At year end it held assets of $3.2m against liabilities of $1.9m, net assets of $1.3m.