Arp Manor - Mooresville Inc

Analysis

Arp Manor - Mooresville Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in April 2002, 24 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, Arp Manor - Mooresville Inc reported income of $281k and spending of $308k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $259k to $281k (+8.5%), an average of +2.1% a year. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Arp Manor - Mooresville Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within NC. Charities of a similar size with the same main cause include Hermandad Los Angeles Economic & Community Development Corporation ($281k), Comunidad Corporation ($281k) and Boston Public Housing Corporation ($281k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. At year end it held assets of $1.9m against liabilities of $53k, net assets of $1.9m.

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.