Carolina Housing and Community Development Corporation

Analysis

Carolina Housing and Community Development Corporation is a registered charity in United States, based in Rock Hill, SC. It received its IRS tax-exemption ruling in January 2016, 10 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 December 2023, Carolina Housing and Community Development Corporation reported income of $210k and spending of $193k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $198k to $210k (+5.8%), an average of +1.4% a year. The sharpest change came in the year to December 2022, when income rose by 183%. Over the whole period it spent 74% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Carolina Housing and Community Development Corporation sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 60th percentile within SC. Charities of a similar size with the same main cause include Christian Services Corporation ($210k), Dorcas Manor Inc ($210k) and Prairie Home Inc ($210k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 37% of the total. Other salaries and wages came to $16k. At year end it held assets of $2.2m against liabilities of $37k, net assets of $2.1m.