East Salem Homes Inc

Analysis

East Salem Homes Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in August 1979, 47 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, East Salem Homes Inc reported income of $1.3m and spending of $931k, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.3m (+10%), an average of +2.4% a year. Over the whole period it spent 83% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, East Salem Homes Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Hancock Residential Center Non- Profit Housing Corporation Inc ($1.3m), Brookside Community Development Corporation ($1.3m) and New Creation Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 19% of the total. At year end it held assets of $2.9m against liabilities of $3.0m, net assets of -$60k.