Weaver Community Housing Association

Analysis

Weaver Community Housing Association is a registered charity in United States, based in Carrboro, NC. It received its IRS tax-exemption ruling in January 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, Weaver Community Housing Association reported income of $139k and spending of $173k, spending 124% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $135k to $139k (+2.9%), an average of +0.6% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Weaver Community Housing Association sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NC. Charities of a similar size with the same main cause include Ken-Crest Housing Pa 99 Inc ($139k), Boyce Property Assistance Inc ($139k) and Birch Apartments Inc ($139k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $1.1m against liabilities of $1.4m, net assets of -$291k.