Greensboro Housing Coalition Inc

Analysis

Greensboro Housing Coalition Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in June 1992, 34 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 June 2023, Greensboro Housing Coalition Inc reported income of $827k and spending of $1.0m, spending 125% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.0m to $827k (-18%), an average of -6.6% a year. The sharpest change came in the year to June 2022, when income rose by 155%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greensboro Housing Coalition Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Nurturing Nest Inc ($827k), Heartside Non-Profit Housing Corporation ($827k) and Global Rights for Women ($827k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $76k (7.4% of expenses). Other salaries and wages came to $365k. At year end it held assets of $461k against liabilities of $372k, net assets of $89k. It reported 17 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.