Bassett Park Housing Inc

Analysis

Bassett Park Housing Inc is a registered charity in United States, based in Dunn, NC. It received its IRS tax-exemption ruling in April 2004, 22 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, Bassett Park Housing Inc reported income of $279k and spending of $378k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $226k to $279k (+24%), an average of +5.5% a year. Over the whole period it spent 134% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bassett Park Housing Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within NC. Charities of a similar size with the same main cause include Friendship II Co ($279k), North Grand Neighborhood Services ($279k) and Northwest Charities ($279k).

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 $73k. At year end it held assets of $2.5m against liabilities of $4.0m, net assets of -$1.5m.

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.