Myrover-Reese Fellowship Homes Inc

Analysis

Myrover-Reese Fellowship Homes Inc is a registered charity in United States, based in Fayetteville, NC. It received its IRS tax-exemption ruling in February 1968, 58 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Myrover-Reese Fellowship Homes Inc reported income of $1.1m and spending of $1.1m, spending 104% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $657k to $1.1m (+62%), an average of +10% a year. The sharpest change came in the year to June 2024, when income rose by 76%. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Myrover-Reese Fellowship Homes Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within NC. Charities of a similar size with the same main cause include International Prostate Cancer Foundation Inc ($1.1m), World Federation of Societies of Anaesthesiologists ($1.1m) and Mary Bridge Hospital & Orthopedic Foundation ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 48% and program service revenue 12% of the total. Other salaries and wages came to $314k. At year end it held assets of $1.7m against liabilities of $1.3m, net assets of $367k. It reported 34 employees.

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.