Princeville Housing Development

Analysis

Princeville Housing Development is a registered charity in United States, based in Dunn, NC. It received its IRS tax-exemption ruling in June 2022, 4 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Princeville Housing Development reported income of $268k and spending of $269k, spending 101% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $232k to $268k (+16%), an average of +4.9% a year. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Princeville Housing Development 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 Montana Mobility Impaired Housing Inc ($268k), Primrose Apartments Inc ($268k) and Save Housing Incorporated ($268k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 9.1% of the total. At year end it held assets of $2.0m against liabilities of $1.6m, net assets of $361k.