The North Carolina Homes for the Aging Foundation Inc

Analysis

The North Carolina Homes for the Aging Foundation Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in February 1985, 41 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 December 2023, The North Carolina Homes for the Aging Foundation Inc reported income of $138k and spending of $28k, leaving 80% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $169k to $138k (-18%), an average of -4.0% a year. The sharpest change came in the year to December 2022, when income rose by 568%. Over the whole period it spent 12% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The North Carolina Homes for the Aging Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NC. Charities of a similar size with the same main cause include Miss Kansas Scholarship Foundation Inc ($138k), Bainbridge Island Arts & Humanities Council ($138k) and Bibles for Russia Inc ($138k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% of the total. At year end it held assets of $2.8m against liabilities of $0, net assets of $2.8m.