University of North Carolina School of the Arts Housing Corporation

Analysis

University of North Carolina School of the Arts Housing Corporation is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in February 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, University of North Carolina School of the Arts Housing Corporation reported income of $1.5m and spending of $776k, leaving 47% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $882k to $1.5m (+66%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 63% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, University of North Carolina School of the Arts Housing Corporation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.5m), Ofallon Preservation NFP ($1.5m) and Carlisle Cares ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 91% of the total. At year end it held assets of $6.4m against liabilities of $2.5m, net assets of $3.9m.