Charles House Association

Analysis

Charles House Association is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in November 1984, 42 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Charles House Association reported income of $1.4m and spending of $1.5m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $1.4m (-23%), an average of -6.3% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Charles House Association sits at the 79th percentile: it is larger than about 79% 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 Waco Child Care Inc ($1.4m), YMCA of Steuben County Inc ($1.4m) and Shelter Available for Family Emer- Gency Safe Inc of Transylvania Cty ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $140k (9.3% of expenses). Other salaries and wages came to $824k. At year end it held assets of $2.7m against liabilities of $581k, net assets of $2.1m. It reported 55 employees.