Hampton Woods Retirement Community Inc

Analysis

Hampton Woods Retirement Community Inc is a registered charity in United States, based in Jackson, NC. It received its IRS tax-exemption ruling in December 1988, 38 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Hampton Woods Retirement Community Inc reported income of $138k and spending of $142k, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $129k to $138k (+7.3%), an average of +2.4% a year. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hampton Woods Retirement Community Inc sits at the 29th percentile: it is larger than about 29% 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 Centennial Supportive Housing Center ($138k), Deforest Elderly Housing Owner Corporation ($138k) and Olympia Foundation ($138k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Other salaries and wages came to $23k. At year end it held assets of $365k against liabilities of $512k, net assets of -$147k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.