Presbyterian Homes Foundation Inc

Analysis

Presbyterian Homes Foundation Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in July 1992, 34 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Presbyterian Homes Foundation Inc reported income of $2.8m and spending of $2.4m, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.4m to $2.8m (-19%), an average of -5.0% a year. The sharpest change came in the year to September 2021, when income rose by 109%. Over the whole period it spent 56% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Presbyterian Homes Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Minn-Iowa Christian Broadcasting Inc ($2.8m), Paris Junior College Memorial Fund Foundation ($2.8m) and Econometric Society Inc ($2.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 49% of the total. At year end it held assets of $48.1m against liabilities of $1.6m, net assets of $46.5m.