Lewis Chapel Housing Inc

Analysis

Lewis Chapel Housing Inc is a registered charity in United States, based in Fayetteville, NC. It received its IRS tax-exemption ruling in June 1996, 30 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 June 2024, Lewis Chapel Housing Inc reported income of $292k and spending of $332k, spending 114% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $248k to $292k (+17%), an average of +4.1% 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, Lewis Chapel Housing Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include Aiken Apartments Housing Development Fund Corporation ($292k), Jerome G Little Manor Inc ($292k) and Anthony Adams House ($292k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 51% and program service revenue 45% of the total. At year end it held assets of $1.3m against liabilities of $2.6m, 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.