Better Homes for North Carolina Inc

Analysis

Better Homes for North Carolina Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in June 1993, 33 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Better Homes for North Carolina Inc reported income of $61k and spending of $26k, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $61k (-94%), an average of -51% a year. The sharpest change came in the year to December 2022, when income rose by 180%. Over the whole period it spent 39% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Better Homes for North Carolina Inc sits at the 14th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within NC. Charities of a similar size with the same main cause include On Our Own IV Inc ($61k), Bridgeport Estates Inc ($61k) and Hinze Homes Inc ($61k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $4,800 (18% of expenses). At year end it held assets of $362k against liabilities of $131k, net assets of $231k. It reported 1 employees.