North Wing Inc

Analysis

North Wing Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in August 2012, 14 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, North Wing Inc reported income of $109k and spending of $144k, spending 132% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $90k to $109k (+22%), an average of +5.1% a year. Over the whole period it spent 149% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, North Wing Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within NC. Charities of a similar size with the same main cause include Eagle Court Apartments ($109k), Saint Clair House ($109k) and HH Cares Inc ($109k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. At year end it held assets of $1.5m against liabilities of $16k, 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.