Macgregor Housing Development Corporation

Analysis

Macgregor Housing Development Corporation is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in October 2003, 23 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, Macgregor Housing Development Corporation reported income of $213k and spending of $205k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $188k to $213k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2022, when income dropped by 21%. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Macgregor Housing Development Corporation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Residential Foundation Incorporated ($213k), PSZ House Corporation ($213k) and Bozeman Interfaith Housing II Inc ($213k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $27k. At year end it held assets of $1.3m against liabilities of $2.1m, net assets of -$801k.