Habitat for Humanity of Horry County Inc

Analysis

Habitat for Humanity of Horry County Inc is a registered charity in United States, based in Myrtle Beach, SC. It received its IRS tax-exemption ruling in January 1987, 39 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 June 2023, Habitat for Humanity of Horry County Inc reported income of $4.5m and spending of $4.3m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $4.5m (+43%), an average of +9.3% a year. The sharpest change came in the year to June 2021, when income rose by 82%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Habitat for Humanity of Horry County Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 94th percentile within SC. Charities of a similar size with the same main cause include New Purpose ($4.5m), Habitat for Humanity of Greater Chattanooga ($4.5m) and Initiative for Affordable Housing Dekalb Inc ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $275k (6.5% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $10.3m against liabilities of $2.1m, net assets of $8.2m. It reported 37 employees.