Anointed Acres Housing Development

Analysis

Anointed Acres Housing Development is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in May 1951, 75 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Anointed Acres Housing Development reported income of $386k and spending of $458k, spending 119% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $333k to $386k (+16%), an average of +3.7% a year. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Anointed Acres Housing Development sits at the 64th percentile: it is larger than about 64% 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 Urological Research Foundation ($386k), 415 Leaders Inc ($386k) and Skating Association of Maine ($386k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 29% and program service revenue 57% of the total. At year end it held assets of $2.3m against liabilities of $81k, net assets of $2.3m.

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.