Western N C Housing Partnership Inc

Analysis

Western N C Housing Partnership Inc is a registered charity in United States, based in Hendersonville, NC. It received its IRS tax-exemption ruling in January 1994, 32 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Western N C Housing Partnership Inc reported income of $842k and spending of $373k, leaving 56% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $85k to $842k (+886%), an average of +77% a year. The sharpest change came in the year to June 2020, when income rose by 258%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Western N C Housing Partnership Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Elite Choice Properties Inc ($842k), Achieveability ($843k) and Mill Pond Gables Senior Living LLC ($841k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 28% of the total. At year end it held assets of $3.0m against liabilities of $695k, net assets of $2.3m.