Mecklenburg Hud Group Home No 1 Inc

Analysis

Mecklenburg Hud Group Home No 1 Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 1984, 42 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mecklenburg Hud Group Home No 1 Inc reported income of $468k and spending of $434k, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $477k to $468k (-2.0%), an average of -0.5% a year. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mecklenburg Hud Group Home No 1 Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Eastwood Senior Housing Inc ($468k), RVM Portland II Houisng Corporation ($468k) and Oakridge Townhouses Inc ($468k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. At year end it held assets of $1.1m against liabilities of $1.5m, net assets of -$443k.