Bullock McLeod Housing Inc

Analysis

Bullock McLeod Housing Inc is a registered charity in United States, based in Rocky Mount, 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 March 2023, Bullock McLeod Housing Inc reported income of $268k and spending of $326k, spending 122% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $239k to $268k (+12%), an average of +4.0% a year. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bullock McLeod Housing Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NC. Charities of a similar size with the same main cause include New Richmond Senior Housing Inc ($268k), Perry Housing Partnership ($269k) and Lupine Housing Inc a California Nonprofit Public Benefit Corp ($268k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 59% and program service revenue 40% of the total. At year end it held assets of $980k against liabilities of $2.4m, net assets of -$1.4m.

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.