Ross Creek Housing Inc

Analysis

Ross Creek Housing Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Ross Creek Housing Inc reported income of $82k and spending of $87k, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $65k to $82k (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 125% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ross Creek Housing Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within NC. Charities of a similar size with the same main cause include SEND Hunger Packing Princeton Inc ($82k), Sausalito Foundation ($82k) and Odessa Community Service Center ($82k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. At year end it held assets of $601k against liabilities of $86k, net assets of $515k.

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.