Moravian Home Incorporated

Analysis

Moravian Home Incorporated is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in May 1971, 55 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 March 2023, Moravian Home Incorporated reported income of $40.8m and spending of $40.6m, spending 100% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $28.1m to $40.8m (+45%), an average of +9.7% a year. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Moravian Home Incorporated sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Spokane Neighborhood Action Partners ($40.7m), Montecito Retirement Association ($40.9m) and Center for Youth and Family Solutions ($40.7m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $664k (1.6% of expenses). Other salaries and wages came to $13.3m. At year end it held assets of $131.8m against liabilities of $126.3m, net assets of $5.5m. It reported 483 employees.