Barrows Mill Housing Inc

Analysis

Barrows Mill Housing Inc is a registered charity in United States, based in Dunn, NC. It received its IRS tax-exemption ruling in May 2006, 20 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, Barrows Mill Housing Inc reported income of $312k and spending of $437k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $267k to $312k (+17%), an average of +4.0% 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, Barrows Mill Housing Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include SNHS Northwood Elderly Housing Inc ($312k), Knox County Rural Housing Finance Corporation ($312k) and Stovall Villa Inc ($312k).

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 $71k. At year end it held assets of $1.5m against liabilities of $3.2m, net assets of -$1.7m.

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.