Gates County Housing Committee

Analysis

Gates County Housing Committee is a registered charity in United States, based in Gatesville, NC. It received its IRS tax-exemption ruling in April 2012, 14 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 2024, Gates County Housing Committee reported income of $70k and spending of $37k, leaving 47% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $58k to $70k (+20%), an average of +20% a year. The sharpest change came in the year to June 2024, when income rose by 20%. Over the whole period it spent 49% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gates County Housing Committee sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within NC. Charities of a similar size with the same main cause include Abilities at Morningside II Inc ($70k), Westland Community Housing Corporation ($70k) and Frankford Elderly Housing Corporation ($70k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $75k against liabilities of $0, net assets of $75k.