Habitat for Humanity of North Carolina Inc

Analysis

Habitat for Humanity of North Carolina Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in June 2010, 16 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 June 2023, Habitat for Humanity of North Carolina Inc reported income of $2.8m and spending of $2.4m, spending 85% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $507k to $2.8m (+444%), an average of +76% a year. The sharpest change came in the year to June 2023, when income rose by 1000%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Habitat for Humanity of North Carolina Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Rocky Mountain Mutual Housing Association Inc ($2.8m), Richmond Labor and Love Community Development Corporation ($2.8m) and Manor Care of Spokane Wa Association ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $112k (4.7% of expenses). Other salaries and wages came to $212k. At year end it held assets of $1.4m against liabilities of $441k, net assets of $949k. It reported 6 employees.