Mayfair Housing Inc

Analysis

Mayfair Housing Inc is a registered charity in United States, based in Dunn, NC. It received its IRS tax-exemption ruling in March 2000, 26 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, Mayfair Housing Inc reported income of $249k and spending of $301k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $209k to $249k (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mayfair Housing Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include Square Foot Ministry Inc ($249k), Society of St Vincent Depaul Council of Louisville ($249k) and Snowhill Citizens for Decent HSNG ($249k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $58k. At year end it held assets of $1.6m against liabilities of $3.0m, net assets of -$1.3m.

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.