NC Elderly Housing Inc

Analysis

NC Elderly Housing Inc is a registered charity in United States, based in Duluth, GA. It received its IRS tax-exemption ruling in August 1987, 39 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, NC Elderly Housing Inc reported income of $518k and spending of $426k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $471k to $518k (+9.9%), an average of +2.4% a year. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, NC Elderly Housing Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within GA. Charities of a similar size with the same main cause include Baptist Publishing House ($518k), Alston Wilkes Foundation ($518k) and Cloverdale Senior Multi Purpose Center ($518k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $112k. At year end it held assets of $442k against liabilities of $548k, net assets of -$106k.