Wake County Housing Finance Corporation

Analysis

Wake County Housing Finance Corporation is a registered charity in United States, based in Zebulon, NC. It received its IRS tax-exemption ruling in February 1983, 43 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wake County Housing Finance Corporation reported income of $56k and spending of $52k, spending 93% of its income. Across the 4 years on record, from June 2019 to June 2023, income fell from $57k to $56k (-2.6%), an average of -0.9% a year. The sharpest change came in the year to June 2022, when income rose by 287%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wake County Housing Finance Corporation sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within NC. Charities of a similar size with the same main cause include Birthright Humble ($56k), Monteverdi Master Chorale Inc ($56k) and Little League Baseball Inc ($56k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.4% and program service revenue 94% of the total. At year end it held assets of $602k against liabilities of $12k, net assets of $590k.