South Eastern North Carolina Community Development Corporation

Analysis

South Eastern North Carolina Community Development Corporation is a registered charity in United States, based in Rocky Mount, NC. It received its IRS tax-exemption ruling in June 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, South Eastern North Carolina Community Development Corporation reported income of $383k and spending of $1.3m, spending 343% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $361k to $383k (+6.2%), an average of +1.5% a year. The sharpest change came in the year to December 2022, when income rose by 104%. Over the whole period it spent 175% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, South Eastern North Carolina Community Development Corporation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Waynesboro Area Refuge Ministry Inc ($383k), Lacasa Development Corporation ($384k) and Heritage Place Phase III Inc ($383k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 64% of the total. At year end it held assets of $6.5m against liabilities of $8.2m, net assets of -$1.7m.