Housing Episcopal Methodist Presbyterian Inc

Analysis

Housing Episcopal Methodist Presbyterian Inc is a registered charity in United States, based in Concord, NC. It received its IRS tax-exemption ruling in October 1992, 34 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Housing Episcopal Methodist Presbyterian Inc reported income of $245k and spending of $268k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $215k to $245k (+14%), an average of +3.3% a year. Over the whole period it spent 111% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Housing Episcopal Methodist Presbyterian Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include World Changers International Inc ($245k), Orot the Center for New Jewish Learning ($245k) and Refuge Louisville Inc ($245k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. At year end it held assets of $718k against liabilities of $2.0m, net assets of -$1.3m.

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.