North Carolina Housing Foundation Inc

Analysis

North Carolina Housing Foundation Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 1969, 57 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, North Carolina Housing Foundation Inc reported income of $278k and spending of $224k, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $209k to $278k (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2021, when income rose by 1035%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, North Carolina Housing Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NC. Charities of a similar size with the same main cause include Quadraplex Housing Inc ($278k), Meadow Road Housing Corp ($278k) and Isaiah House ($278k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 12% of the total. At year end it held assets of $6.4m against liabilities of $269k, net assets of $6.1m.