Interfaith Housing Development Corporation of Hickory

Analysis

Interfaith Housing Development Corporation of Hickory is a registered charity in United States, based in Hickory, NC. It received its IRS tax-exemption ruling in July 2014, 12 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, Interfaith Housing Development Corporation of Hickory reported income of $50k and spending of $61k, spending 122% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $68k to $50k (-26%), an average of -14% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Interfaith Housing Development Corporation of Hickory sits at the 11th percentile: it is larger than about 11% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within NC. Charities of a similar size with the same main cause include Fort Hill Housing Inc ($50k), Centerpointe Housing Corporation I ($50k) and Hispanic Real Estate Brokers Association Inc ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. At year end it held assets of $244k against liabilities of $88k, net assets of $156k.