W N C Madison County Housing Corporation Inc

Analysis

W N C Madison County Housing Corporation Inc is a registered charity in United States, based in Hot Springs, NC. It received its IRS tax-exemption ruling in September 1985, 41 years ago. 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 2023, W N C Madison County Housing Corporation Inc reported income of $550k and spending of $423k, leaving 23% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $334k to $550k (+65%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, W N C Madison County Housing Corporation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include Park Ridge Sports Inc ($550k), Wray Rehabilitation and Activities Center Inc ($550k) and Southern Clarion County Volunteer Ambulance Service ($550k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Other salaries and wages came to $245k. At year end it held assets of $585k against liabilities of $4,851, net assets of $580k. It reported 9 employees.