Charlotte Family Housing Inc

Analysis

Charlotte Family Housing Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in April 1985, 41 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 June 2024, Charlotte Family Housing Inc reported income of $2.9m and spending of $3.0m, spending 104% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $3.6m to $2.9m (-18%), an average of -4.8% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Charlotte Family Housing Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Options for Independence ($2.9m), Southwest Economic Solutions ($2.9m) and Young Womens Christian Association of Wheeling WV ($2.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $120k (4.0% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $3.9m against liabilities of $283k, net assets of $3.6m. It reported 47 employees.