Poplar Street Housing Inc

Analysis

Poplar Street Housing Inc is a registered charity in United States, based in Dunn, NC. It received its IRS tax-exemption ruling in April 1993, 33 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 December 2023, Poplar Street Housing Inc reported income of $247k and spending of $291k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $233k to $247k (+5.8%), an average of +1.4% a year. Over the whole period it spent 121% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Poplar Street Housing Inc sits at the 42nd percentile: it is larger than about 42% 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 Hamilton Habitat Inc ($247k), Kilkenny Corp ($247k) and Asi Dakota County Inc ($247k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $69k. At year end it held assets of $554k against liabilities of $2.1m, net assets of -$1.5m.

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.