Siler City Housing Corporation

Analysis

Siler City Housing Corporation is a registered charity in United States, based in Moncure, NC. It received its IRS tax-exemption ruling in April 1993, 33 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 December 2023, Siler City Housing Corporation reported income of $224k and spending of $235k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $194k to $224k (+15%), an average of +3.7% a year. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Siler City Housing Corporation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include Duluth Harbor Mission Inc ($224k), Apple Grove Homes Inc ($224k) and Norwegian Christian Home Foundation ($224k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. At year end it held assets of $1.1m against liabilities of $1.1m, net assets of $4,214.