W N C Housing Inc

Analysis

W N C Housing Inc is a registered charity in United States, based in Winstonsalem, NC. It received its IRS tax-exemption ruling in March 1984, 42 years ago. 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, W N C Housing Inc reported income of $385k and spending of $441k, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $248k to $385k (+55%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, W N C Housing Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Serving Kids Hope ($385k), Mercy Professional Services Inc ($385k) and Margaret M Miller TR Uw Art 22 Fbo Cheverus High School ($385k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. At year end it held assets of $1.6m against liabilities of $1.8m, net assets of -$187k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.