Drayton Pines Inc

Analysis

Drayton Pines Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in October 2021, 5 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 September 2023, Drayton Pines Inc reported income of $368k and spending of $376k, spending 102% of its income. Across the 6 years on record, from September 2018 to September 2023, income grew from $356k to $368k (+3.3%), an average of +0.7% a year. The sharpest change came in the year to September 2020, when income rose by 31%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Drayton Pines Inc sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within NC. Charities of a similar size with the same main cause include Marion Elderly Housing Inc ($368k), Community Housing Expansion of Austin ($368k) and Franklin-Vance-Warren-Wilson Housing of Wilson Inc ($367k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.9m against liabilities of $2.3m, net assets of $614k.