Davidson Housing Coalition

Analysis

Davidson Housing Coalition is a registered charity in United States, based in Davidson, 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 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, Davidson Housing Coalition reported income of $463k and spending of $670k, spending 145% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $456k to $463k (+1.6%), an average of +0.4% a year. The sharpest change came in the year to June 2020, when income rose by 38%. Over the whole period it spent 111% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Davidson Housing Coalition sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NC. Charities of a similar size with the same main cause include 16 15 Outfitters ($463k), Central Louisiana Coalition to Prevent Homelessness Inc ($463k) and Owsley County Housing Association Eastside Apts ($463k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $65k (9.7% of expenses). Other salaries and wages came to $110k. At year end it held assets of $4.1m against liabilities of $2.0m, net assets of $2.0m. It reported 5 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.