Hospitality House of Northwest North Carolina

Analysis

Hospitality House of Northwest North Carolina is a registered charity in United States, based in Boone, NC. It received its IRS tax-exemption ruling in September 1985, 41 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 June 2023, Hospitality House of Northwest North Carolina reported income of $3.2m and spending of $2.8m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $3.2m (+107%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 42%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hospitality House of Northwest North Carolina sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Community Homes Housing Development Fund Company ($3.2m), CCHNC South Lake Towers Inc ($3.2m) and Project Homeless Connect Washington County ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $84k (3.0% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $5.2m against liabilities of $1.4m, net assets of $3.8m. It reported 51 employees.