Raleigh Housing Fund Inc

Analysis

Raleigh Housing Fund Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in August 1989, 37 years ago. 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, Raleigh Housing Fund Inc reported income of $383k and spending of $390k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $299k to $383k (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2022, when income rose by 117%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Raleigh Housing Fund Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Volunteers of America Inc ($383k), Friends of Detroit Rowing Inc ($383k) and Boulder Parks and Recreation Foundation Inc ($383k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $54k (14% of expenses). Other salaries and wages came to $43k. At year end it held assets of $2.3m against liabilities of $514k, net assets of $1.8m. It reported 6 employees.