Ncar Housing Opportunity Foundation

Analysis

Ncar Housing Opportunity Foundation is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in October 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, Ncar Housing Opportunity Foundation reported income of $311k and spending of $421k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $295k to $311k (+5.2%), an average of +1.3% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ncar Housing Opportunity Foundation 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 2246 Webster Avenue HDFC ($311k), 330 East Fourth Street Housing Development Fund Corporation ($311k) and 3rd and Goal Foundation ($311k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 117% and program service revenue 0.3% of the total. At year end it held assets of $603k against liabilities of $13k, net assets of $590k.