Khalif Homes Inc

Analysis

Khalif Homes Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in March 1983, 43 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Khalif Homes Inc reported income of $383k and spending of $333k, spending 87% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $356k to $383k (+7.8%), an average of +1.9% a year. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Khalif Homes 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 Trustees of Purdue University ($383k), Keystone Central Foundation ($383k) and Mibor Foundation Inc ($383k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $1.1m against liabilities of $1.5m, net assets of -$367k.