Presbyterian Homes Inc

Analysis

Presbyterian Homes Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in August 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Presbyterian Homes Inc reported income of $65.7m and spending of $60.4m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $49.9m to $65.7m (+32%), an average of +7.1% a year. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Presbyterian Homes Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Care and Share Inc ($65.6m), Abbott House ($65.8m) and Northeast Michigan Community Service Agency Inc ($65.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.8% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $3.0m (4.9% of expenses). Other salaries and wages came to $23.6m. At year end it held assets of $244.3m against liabilities of $152.5m, net assets of $91.8m. It reported 1,489 employees.