Macon Housing Development Corporation

Analysis

Macon Housing Development Corporation is a registered charity in United States, based in Franklin, NC. It received its IRS tax-exemption ruling in July 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, Macon Housing Development Corporation reported income of $280k and spending of $229k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $257k to $280k (+9.3%), an average of +2.2% a year. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Macon Housing Development Corporation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within NC. Charities of a similar size with the same main cause include Building Blocks Academy ($280k), Chagrin Valley Recreation Cen ($280k) and Encore Entertainment Inc ($280k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. At year end it held assets of $530k against liabilities of $1.0m, net assets of -$510k.