Mid-East Housing Incorporated

Analysis

Mid-East Housing Incorporated is a registered charity in United States, based in Greenville, NC. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mid-East Housing Incorporated reported income of $499k and spending of $643k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $813k to $499k (-39%), an average of -12% a year. The sharpest change came in the year to December 2022, when income dropped by 19%. Over the whole period it spent 143% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mid-East Housing Incorporated sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Luther Village III of Dover Inc ($499k), Caritas Housing Corporation ($499k) and Ehdoc Shaker Blvd Inc ($499k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 34% of the total. At year end it held assets of $2.2m against liabilities of $4.8m, net assets of -$2.6m.

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.