Housing Foundation of Southeastern North Carolina

Analysis

Housing Foundation of Southeastern North Carolina is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in April 1989, 37 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, Housing Foundation of Southeastern North Carolina reported income of $83k and spending of $57k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $3,729 to $83k (+2120%), an average of +2120% a year. The sharpest change came in the year to December 2023, when income rose by 2120%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Housing Foundation of Southeastern North Carolina sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within NC. Charities of a similar size with the same main cause include Clarksville Montgomery County Crisis Intervention Inc ($83k), Island Park PTA ($83k) and Texas Water Utilities Association ($83k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 146% of the total. At year end it held assets of $820k against liabilities of $538k, net assets of $282k.