North Carolina Housing Coalition Inc

Analysis

North Carolina Housing Coalition Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in January 1988, 38 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 December 2023, North Carolina Housing Coalition Inc reported income of $4.0m and spending of $4.6m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $4.0m (+171%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 93%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Carolina Housing Coalition Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Centralcast LLC ($4.0m), Early Care and Learning Council ($4.1m) and Greenleaf Family Center ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $85k (1.9% of expenses). Other salaries and wages came to $678k. At year end it held assets of $1.6m against liabilities of $990k, net assets of $584k. It reported 12 employees.