Belmont Independent Living Inc

Analysis

Belmont Independent Living Inc is a registered charity in United States, based in Goldsboro, NC. It received its IRS tax-exemption ruling in July 1983, 43 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 2024, Belmont Independent Living Inc reported income of $638k and spending of $610k, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $582k to $638k (+9.6%), an average of +2.3% a year. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Belmont Independent Living Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within NC. Charities of a similar size with the same main cause include Ehc Newton Realty Inc ($638k), Griggs Farm Inc ($638k) and Rosamond Hills Inc ($638k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $128k. At year end it held assets of $551k against liabilities of $1.3m, net assets of -$729k.