Clear Brook Housing Inc

Analysis

Clear Brook Housing Inc is a registered charity in United States, based in Dunn, NC. It received its IRS tax-exemption ruling in August 2003, 23 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 December 2023, Clear Brook Housing Inc reported income of $478k and spending of $585k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $446k to $478k (+7.0%), an average of +1.7% a year. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Clear Brook Housing Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Retiree Housing of Birmingham Inc ($477k), Reba Place Development Corporation ($478k) and Knoxville Dream Center Inc ($477k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $91k. At year end it held assets of $2.7m against liabilities of $4.9m, net assets of -$2.2m.

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.