Sharon Manor Homes Inc

Analysis

Sharon Manor Homes Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in June 1984, 42 years ago. 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, Sharon Manor Homes Inc reported income of $319k and spending of $306k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $295k to $319k (+8.2%), an average of +2.0% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sharon Manor Homes Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include To the Village Square Inc ($319k), Methow Arts Alliance ($319k) and Denton Christian Pre School Inc ($319k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 34% of the total. At year end it held assets of $1.2m against liabilities of $1.4m, net assets of -$217k.