Brown Lawson Housing Development Corporation

Analysis

Brown Lawson Housing Development Corporation is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in January 1980, 46 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Brown Lawson Housing Development Corporation reported income of $937k and spending of $944k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $847k to $937k (+11%), an average of +2.6% a year. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Brown Lawson Housing Development Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include Elijah Family Homes ($937k), Project Build a Future ($938k) and House of Tulip ($937k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. At year end it held assets of $2.1m against liabilities of $2.2m, net assets of -$25k.