Presbyterian Homes Inc

Analysis

Presbyterian Homes Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in August 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Presbyterian Homes Inc reported income of $30.9m and spending of $29.1m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $26.3m to $30.9m (+18%), an average of +4.2% a year. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Presbyterian Homes Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Louise W Eggleston Center Inc ($30.9m), Rescue Mission Alliance ($30.9m) and Community Hospice Inc ($30.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.8% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $801k (2.8% of expenses). Other salaries and wages came to $11.2m. At year end it held assets of $324.3m against liabilities of $266.1m, net assets of $58.2m.